NFO Alert: DSP Asset Mutual Fund launches DSP Nifty Healthcare ETF; all you need to know

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DSP Asset Mutual Fund announced the launch of the DSP Nifty Healthcare ETF, an open-ended exchange-traded fund scheme replicating/ tracking the Nifty Healthcare index. The scheme opened for public subscription on January 11, 2024, and will close on January 25, 2024. The scheme re-opens for continuous sale and repurchase within five business days from the date of allotment.

This is an open-ended exchange-traded fund scheme replicating/ tracking the Nifty Healthcare index. This product is suitable for investors seeking The scheme seeks to provide returns that, before expenses, correspond to the total return of the underlying index (Nifty Healthcare index), subject to tracking error. There is no assurance or guarantee that the investment objective of the scheme will be achieved.

Investors can invest under the scheme with a minimum investment of ₹5,000 per plan/option and in multiples of Re 1. There is no upper limit for investment. Under normal circumstances, the asset allocation of the scheme will be as follows:Indicative allocations (% of total assets)MinimumMaximumEquity and equity-related securities of companies constituting the Nifty Healthcare Index, the underlying index95%100%Very High RiskCash and Cash Equivalents0%5%Low to Medium Risk To date, no asset management company (AMC) has launched any such exchange-traded fund (ETF).

The performance of the scheme will be benchmarked against Nifty Healthcare TRI. The corpus of DSP Nifty Healthcare ETF will be invested in all the stocks constituting Nifty Healthcare TRI, in the same weightage of the index. The Scheme would endeavour to attain returns comparable to Nifty Healthcare TRI, subject to the tracking error.