| DSP BlackRock Mutual Fund has filed offer document with Sebi to launch DSP BlackRock Nifty 50 ETF, an open-ended index linked exchange traded fund. The New Fund Offer price is Rs 10 per unit.
Investment objective: The scheme seeks to provide returns that before expenses closely correspond to the total return on the underlying index subject to tracking errors.
Asset Allocation: The scheme shall invest 95-100% in equity and equity related securities of companies constituting Nifty 50 and up to 5% in cash & cash equivalents / money market instruments including liquid & money market mutual fund schemes.
Minimum Application Amount: Rs 5000 and in multiples of Re 1 thereof.
Minimum Target Amount: Rs 10 crore
Entry load: Not applicable
Exit load: Nil
Benchmark: Nifty 50 Index
Fund Manager: Anil Gilani
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