New fund offers for DSP Nifty Top 10 Equal Weight Index Fund and DSP Nifty Top 10 Equal Weight ETF are now open and close on August 30.
He briefcase of the DSP Nifty Top 10 Equal Weight Index fund will be composed of the top 10 stocks namely Information systems, Reduce, CCI, TCS, HDFC Bank, ICICI Bank, Bank box, Axis Bank, Unilever Hindustan and L&T.
Each stock in the Nifty Top 10 Equal Weight is equally weighted and the index will be rebalanced on a quarterly basis. The scheme will be managed by Anil Ghelani and Diipesh Shah. Investors You can deposit a minimum amount of ₹100 and there is no exit charge.
Analysts say that in the last four years, the market has witnessed significant depolarization leading to underperformance of the top 10 stocks, which presents an opportunity. The portfolio quality of the top 10 stocks is high, with the Nifty Top 10 Equal Weight Index holding 1.5 times more return on capital than the Nifty 500 index. Moreover, as of March 2024 data, about 49% of Nifty 50 stocks’ gains have come from Nifty Top 10 Equal Weight constituents, which have outperformed the broader market in 9 out of 16 years.
“Given the poor performance of the top 10 stocks in the recent past, low ratings “With the likely flow of money from IFIs, investors can make lump sum bets,” said Nirav Karkera, head of research at Fisdom. “This wallet gives access to megacaps“Being a low-cost product, it works well for long-term investors who do not want to regularly monitor portfolios,” said Harshvardhan Roongta, CFP, Roongta Securities.
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