DSP Mutual Fund files offer document for BSE Insurance ETF
DSP Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘DSP BSE Insurance ETF'. The New Fund Offer price will be Rs 10 of the Value of the Underlying Index during the NFO. Entry load and Exit Load will be nil. The Scheme does not offer any plans or options for investment and seeks to collect a Minimum Target Amount of Rs 5 crore.
The performance will be benchmarked against BSE Insurance Index (TRI). The minimum application amount will be Rs 5000 and in multiple of Re 1 thereafter.
The investment objective of the scheme is to generate returns that are commensurate with the performance of BSE Insurance Index.
