2026-04-30 01:00:07 pm | Source: Accord Fintech
DSP Mutual Fund files offer document for Nifty FMCG ETF
DSP Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘DSP Nifty FMCG ETF’ replicating Nifty FMCG Index. The New Fund Offer price for units would be Rs 10 each during the NFO. No entry and exit load will be charged under the scheme. The Scheme offered growth as well as Income Distribution cum Capital Withdrawal option for investment and seeks to collect a Minimum Target Amount of Rs 5 crore.
The performance will be benchmarked against Nifty FMCG Index (TRI). The minimum application amount during NFO will be Rs 5,000 and in multiples of Rs 1 thereof.
The investment objective of the scheme is to generate returns that are commensurate with the performance of the Nifty FMCG Index, subject to tracking error.
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