NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹23.78
2.28%
NAV as on 23 Nov 24, 12:00 AM
very high risk
index funds
equity
NAV as on 23 Nov 24, 12:00 AM
very high risk
index funds
equity
22.71%p.a.
Last 1Y
15.55%p.a.
Last 3Y
19.37%p.a.
Last 5Y
13.61%p.a.
Since Inception
About DSP Nifty 50 Equal Weight Index Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the DSP Nifty 50 Equal Weight Index Fund Growth scheme from DSP Asset Managers Private Limited. It is a Index Funds mutual fund scheme that predominantly invests in Index Funds stocks of companies. Launched on Oct 2017, DSP Nifty 50 Equal Weight Index Fund Growth is Index Funds fund of its category with 1,886.93 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Index Funds funds.
- DSP Nifty 50 Equal Weight Index Fund Growth delivered 22.7% annual returns during the last year. It has delivered 13.6% average annual returns since the fund was launched.
- DSP Nifty 50 Equal Weight Index Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
To invest in companies which are constituents of NIFTY 50 Equal Weight Index (underlying Index) in the same proportion as in the index and seeks to generate returns that are commensurate (before fees and expenses) with the performance of the underlying Index, subject to tracking error. There is no assurance that the investment objective of the Scheme will be realized.
Top 10 Holdings
State Bank of India
2.24%
Wipro Ltd
2.23%
Grasim Industries Ltd
2.19%
HDFC Life Insurance Co Ltd
2.18%
Tech Mahindra Ltd
2.17%
Eicher Motors Ltd
2.17%
HCL Technologies Ltd
2.15%
Sun Pharmaceuticals Industries Ltd
2.14%
Apollo Hospitals Enterprise Ltd
2.13%
Bharat Electronics Ltd
2.13%
Fund Managers
- Anil Ghelani (Jul 2019 - Present)
- Diipesh Shah (Nov 2020 - Present)
Key Information
View Scheme Document
DSP Nifty 50 Equal Weight Index Fund Growth SIP Calculator
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NRI Mutual Fund Tax on DSP Nifty 50 Equal Weight Index Fund Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in DSP Nifty 50 Equal Weight Index Fund Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in DSP Nifty 50 Equal Weight Index Fund Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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UTI Nifty 50 Index Fund Plan Growth
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12.1%
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very high risk | equity
12.0%
ICICI Prudential Nifty 50 Index Plan Growth
very high risk | equity
11.9%
Frequently Asked Questions
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