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DSP BSE SENSEX Next 30 Index Fund – Direct (G) : NFO Details
Last Updated: 8th January 2025 - 05:01 pm
The New Fund Offer (NFO) for the DSP BSE SENSEX Next 30 Index Fund is scheduled to open on January 10, 2025, and end on January 24, 2025. Subject to tracking inaccuracy, the goal of this open-ended scheme is to produce returns that closely mirror the performance of the BSE SENSEX Next 30 Index. The fund, which is a member of the Equity Large Cap category, offers exposure to a wide range of businesses that make up this index.
Details of the NFO: DSP BSE SENSEX Next 30 Index Fund – Direct (G)
NFO Details | Description |
Fund Name | DSP BSE SENSEX Next 30 Index Fund – Direct (G) |
Fund Type | Open Ended |
Category | Index |
NFO Open Date | 10-January-2024 |
NFO End Date | 24-January-2024 |
Minimum Investment Amt | ₹100/- and any amount thereafter |
Entry Load | -Nil- |
Exit Load |
-Nil- |
Fund Manager | Mr. Anil Ghelani & Diipesh Shah |
Benchmark | BSE Sensex Next 30 TRI |
Investment Objective and Strategy
Objective:
The investment objective of the Scheme is to generate returns that are commensurate with the performance of the DSP BSE SENSEX Next 30 Index Fund – Direct (G), subject to tracking error.
There is no assurance that the investment objective of the Scheme will be achieved.
Investment Strategy:
Strategy for Equity Securities
The Scheme will be managed passively with investments in stocks in the same proportion as in BSE SENSEX Next 30 Index (underlying index). The investment strategy would revolve around minimizing the tracking error through periodic rebalancing of the portfolio, taking into account the change in weights of stocks in the indices as well as the incremental subscriptions / redemptions in the Scheme. A small portion of the net assets may be held as cash & cash equivalents to meet the liquidity requirements under the Scheme.
Strategy for Derivatives
Exposure to equity derivatives of the index itself or its constituent stocks may be undertaken when equity shares are unavailable, insufficient or for rebalancing in case of corporate actions for a temporary period
on defensive considerations.
Derivative products are leveraged instruments and can provide disproportionate gains as well as disproportionate losses to the investor. Execution of such strategies depends upon the ability of the fund manager to identify such opportunities. Identification and execution of the strategies to be pursued by the fund manager involve uncertainty and decision of fund manager may not always be profitable. No assurance can be given that the fund manager will be able to identify or execute such strategies.
The risks associated with the use of derivatives are different from or possibly greater than, the risks associated with investing directly in securities and other traditional investments.
Risk Associated with Scheme
Risks associated with transacting in scheme units through stock exchange mechanism:
In respect of transactions in units of the schemes through NSE and/or BSE or any other recognized stock exchange promoted platforms, allotment and redemption of Units on any Business Day will depend upon the order processing/settlement by NSE, BSE or such other exchange and their respective clearing corporations on which the AMC and Fund has no control. Further, transactions conducted through the stock exchange mechanism shall be governed by the operating guidelines and directives issued by NSE, BSE or such other recognized exchange in this regard.
Risk associated with favorable taxation of certain scheme in India:
In any event beyond the control of AMC if the scheme is not able to invest the minimum % of the threshold that it is required to invest in eligible asset classes as per the domestic income tax regulation and rule, the benefit of lower tax, if any, on income distribution or capital gains may not be available to the Unit Holders.
The summary of tax implications given in the taxation section (Units and Offer Section) is based on the existing provisions of the tax laws. The current taxation laws may change due to change in the domestic Tax Act or any subsequent changes / amendments in Finance Act / Rules / Regulations. Such change may entail a higher tax to the scheme or to the investors by way of any tax as made applicable thus adversely impacting the scheme. The investor is requested to consult their tax counsel for detail understanding of the tax laws and the risk
factor associated with such tax laws.
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