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DSP Mutual Fund (MF) has launched the DSP Nifty Midcap 150 Quality 50 ETF, an open-ended scheme replicating/ tracking Nifty Midcap 150 Quality 50 Index. The NFO opens for subscription on December 06, 2021 and closes on December 17, 2021. The Entry load and the Exit load is not applicable for the scheme. The minimum subscription amount is Rs 5000 in multiples of Re 1 thereof.

The performance of the scheme will be benchmarked against Nifty Midcap 150 Quality 50 TRI and its fund managers are Anil Ghelani and Diipesh Shah.

The investment objective of the scheme to provide returns that, before expenses, closely correspond to the total return of the underlying index (Nifty Midcap 150 Quality 50 Index), subject to tracking errors.