DSP Mutual Fund files offers document for Nifty IT ETF
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DSP Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘DSP Nifty IT ETF’. The New Fund Offer price will be Rs 10. Entry load and exit load will be nil. This Scheme currently provides no plan or options and seeks to collect a Minimum Target Amount of Rs 5 crores.
The performance of the scheme will be benchmarked by Nifty IT TRI. The minimum application amount is Rs 5000.
The investment objective of the scheme is to seek to provide returns that, before expenses, correspond to the total return of the underlying index (Nifty IT TRI).
