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DSP Mutual Fund (MF) has launched the DSP Nifty 50 Equal Weight ETF, an open-ended scheme replicating/ tracking NIFTY50 Equal Weight Index. The NFO opens for subscription on October 18, 2021 and closes on October 29, 2021. The Entry load and the Exit Load is nil for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereof.

The performance of the scheme will be benchmarked against NIFTY50 Equal Weight Index and its fund managers are Anil Ghelani and Diipesh Shah.

The investment objective of the scheme seeks to provide returns that, before expenses, closely correspond to the total return of the underlying index (NIFTY 50 Equal Weight Index), subject to tracking errors.