DSP Asset Managers Launches India's First BSE Sensex Next 30 Index Fund and ETF.
Banking & Finance
In January 2025, DSP Asset Managers Private Limited, headquartered in Mumbai, Maharashtra, and recognized as one of India’s leading asset management companies (AMC), introduced a unique investment opportunity in the financial market. The company launched two innovative schemes: the DSP BSE (Bombay Stock Exchange) Sensex Next 30 Index Fund and the DSP BSE Sensex Next 30 ETF (Exchange-Traded Fund).
- These schemes aim to provide investors with diversified exposure to the next 30 companies listed on the BSE Sensex, offering a first-of-its-kind approach to mutual fund and ETF investments in India.
- The New Fund Offer (NFO) for these groundbreaking schemes began on January 10, 2025, and will remain open for subscription until January 24, 2025.
- These open-ended equity funds track the performance of the BSE Sensex Next 30 Index, providing investors with exposure to 30 large companies that have strong growth potential but are not part of the BSE Sensex.
Main Point :- (i) The index is diversified across key sectors such as Financial Services (19%), Consumer Discretionary (18%), Commodities (18%), Energy (10%), Healthcare (10%), FMCG (8%), and Industrials (8%), ensuring balanced exposure.
(ii) Investors can contribute through lump-sum investments or set up a Systematic Investment Plan (SIP) with a minimum investment of Rs. 100 for both options, providing flexibility to investors of all types.
(iii) The fund will allocate 95-100% of its assets to equities and equity-related securities within the BSE Sensex Next 30 Index, with a small portion (0-5%) held in cash or cash equivalents for liquidity management.
About DSP Asset Managers Private Limited
Chairman: Hemendra Mathradas Kothari
Headquarter : Mumbai
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