DSP BlackRock Mutual Fund has launched the DSP BlackRock Equal Nifty 50 Fund, an open ended growth scheme. The NFO opens for subscription on September 29, 2017 and closes on October 13, 2017. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 1,000 and any amount thereafter.
The scheme's performance will be benchmarked against NIFTY 50 Equal Weight Index and its fund manager is Gauri Sekaria.
The investment objective of the scheme is 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.