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As on: May 26, 2020 10:43 PM
DSP Quant Fund Floats On
16-May-19   12:04 Hrs IST
DSP Mutual Fund has launched a new fund named as DSP Quant Fund, an open ended equity scheme investing based on a quant model theme. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 20 May to 03 June 2019.

The investment objective of the Scheme is to deliver superior returns as compared to the underlying benchmark over the medium to long term through investing in equity and equity related securities. The portfolio of stocks will be selected, weighed and rebalanced using stock screeners, factor based scoring and an optimization formula which aims to enhance portfolio exposures to factors representing 'good investing principles' such as growth, value and quality within risk constraints.

The scheme offers growth and dividend with payout & reinvestment facility.

The scheme would allocate 95%-100% of assets in equity and equity related instruments including derivatives with medium to high risk profile; invest upto 5% of assets in debt and money market instruments with low risk profile and invest upto 5% of assets in Units issued by REITs & InvITs with medium to high risk profile.

The minimum application amount is Rs 500 and any amount thereafter.

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period.

Entry Load: Not Applicable.

Exit Load: Nil

Benchmark Index for the scheme is S&P BSE 200 TRI Index.

The fund manager of the scheme is Anil Ghelani.

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