DSP MF introduces Nifty SDL Plus G-Sec Jun 2028 30:70 Index Fund
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
DSP Mutual Fund (MF) has launched DSP Nifty SDL Plus G-Sec Jun 2028 30:70 Index Fund, an open-ended target maturity index fund investing in the constituents of Nifty SDL Plus G-Sec Jun 2028 30:70 Index with a relatively high interest rate risk and relatively low credit risk. The NFO opens for subscription on March 11, 2022 and closes on March 17, 2022. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 500 and any amount thereafter.
The performance of the scheme will be benchmarked with Nifty SDL Plus G-Sec Jun 2028 30:70 Index and its fund managers are Laukik Bagwe and Vikram Chopra.
The investment objective of the scheme is to track the Nifty SDL Plus G-Sec Jun 2028 30:70 Index by investing in Government Securities (G-Sec) and SDLs, maturing on or before June 2028 and seeks to generate returns that are commensurate (before fees and expenses) with the performance of the underlying Index, subject to tracking error.
