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DSP Mutual Fund files offer document for Nifty 50 Equal weight ETF
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DSP Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘DSP Nifty 50 Equal weight ETF ’ . The New Fund Offer price is Rs 10 per unit. Entry load and Exit load will be nil. The scheme offers growth and dividend options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance of the scheme will be benchmarked by NIFTY50 Equal Weight Index. The minimum application amount is Rs 5000.
The investment objective of the scheme is to provide returns that, before expenses, closely correspond to the total return of the underlying index, subject to tracking errors.
