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  • DSP Top 100 Equity Fund-Reg(D)

    DSP Top 100 Equity Fund-Reg(D)
    Dividend Yearly
    NA
    Category
    Equity - Large Cap
    52-week NAV high
    215.14  (As on 28-08-2018)
    52-week NAV low
    178.77  (As on 26-10-2018)
    Expense
    2.19%  (As on 31-10-2018)

    Performance

    1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
    Fund Returns 0.76 -7.07 -5.95 -3.62 7.39 8.83 5.14 11.00 -
    Scheme Details
    Fund Type
    Open Ended
    Investment Plan
    Dividend
    Bonus
    NA
    Launch Date
    Mar 10, 2003
    Last Dividend
    NA
    Minimum Investment
    500
  • DSP Mutual Fund was formed as a joint venture between DSP Group, which is one of India’s oldest financial firms, and BlackRock, which is the largest investment management company in the world. The company has more than 19 years of investment experience and is currently one of the premier asset management firms in India.

    DSP Top 100 Equity Fund is an open-ended equity scheme that mainly invests in large-cap stocks. The scheme description specifies that a minimum of 90% and a maximum of 100% of the investment will be directed to equity-related and equity securities, while a maximum of 10% of the assets will be allocated to money market, debt, and securitised debt securities.

    Investors who choose the Dividend option under the Regular Plan will receive dividend payments during the investment tenure, as and when it is declared. This option is ideal for individuals who would like to receive short-term returns through their investment. That being said, there is usually no guarantee on the frequency, rate, or amount of dividend that will be declared. A fund house will only declare a dividend if the mutual fund scheme makes a profit.

    Investment Objective of DSP Top 100 Equity Fund – Regular Plan – Dividend

    By way of investing in a portfolio that primarily constitutes of equity-related instruments and equity securities of the top 100 listed corporates through market capitalisation, this scheme aims to generate capital appreciation for investors.

    Key Features of DSP Top 100 Equity Fund – Regular Plan – Dividend

    A few important features of this scheme are listed below:

    Type of fund

    Open-ended, large-cap equity fund

    Plans available

    • Regular Plan
    • Direct Plan

    Options under each plan

    • Growth option
    • Dividend option
    • Reinvest Dividend
    • Payout Dividend

    *Note: This plan has a default option

    Risk

    Moderately high risk

    Systematic Investment Plan

    Available

    Systematic Transfer Plan

    Available

    Systematic Withdrawal Plan

    Available

    Investment Amount for DSP Top 100 Equity Fund – Regular Plan – Dividend

    Minimum application amount

    Rs.1,000

    Minimum additional investment

    Rs.1,000

    Minimum instalment for Systematic Investment Plan (SIP)

    Rs.500

    Minimum instalment for Systematic Withdrawal Plan (SWP)

    Rs.500

    Minimum instalment for Systematic Transfer Plan (STP)

    Rs.500

    Entry Load

    Not applicable

    Exit Load

    • If the units are redeemed within 12 months from the date of allotment, 1% of the applicable net asset value will be charged as the exit load
    • Id the units are redeemed on or after 12 months from the date of allotment, no exit load will be charged

    *Note: No exit load will be levied in case the investor switches from the Direct Plan to the Regular Plan, and vice versa, during the investment tenure

    *Note: Investors are required to maintain a minimum balance of Rs.1,000 in their accounts. If the value of the units in a scheme falls below Rs.1,000 and more than 6 months have passed since the investor’s first investment, the mutual fund may redeem the balance units.

    Asset Allocation for DSP Top 100 Equity Fund – Regular Plan – Dividend

    Instruments

    Allocations (Percentage of total assets)

    Risk Profile

    Minimum

    Maximum

    Equity-related and equity securities

    90%

    100%

    Medium to High

    Money market, debt, and securitised debt securities

    0%

    10%

    Low to Medium

    Who can Invest in DSP Top 100 Equity Fund – Regular Plan – Dividend

    Listed below are the various entities that are eligible to purchase units of this scheme:

    • Adult Indians residing within the country, either jointly or on a single basis (not exceeding three members in total)
    • Minors through their legal guardians or parents
    • Public sector undertakings, companies, association of persons, bodies corporate, bodies of individuals, and societies that are registered under the Societies Registration Act, 1860
    • Private, religious, and charitable trusts
    • Trustees of private trusts, if they are authorised to make investments in mutual funds as per the Trust Deed
    • Limited Liability Partnerships (LLPs) and partnership firms
    • Hindu Undivided Families (HUFs) through the Karta of the family
    • Financial institutions and banks
    • Persons of Indian origin or NRIs who reside abroad on a non-repatriation or full repatriation basis
    • Foreign Portfolio Investors
    • Navy, army, air force, and any other paramilitary institutions/bodies/units
    • Industrial and scientific research organisations
    • Non-government pension, provident, and gratuity funds, whenever they are permitted to make such investments
    • Any other entities that are permitted to make investments in the mutual fund scheme based on their constitutions
    • Mutual funds that are registered under SEBI(MF) Regulations
    • Any scheme of DSP Mutual Fund, subject to certain conditions
    • The asset management company (fees will not be charged in such instances)

    NAV Disclosure and Benchmark for DSP Top 100 Equity Fund – Regular Plan – Dividend

    The asset management company will compute and declare separate net asset values for the Direct Plan and the Regular Plan. Under normal circumstances, the net asset value will be computed on a daily basis and will be published by 9:00 p.m. on the same business day.

    Investors can obtain information about the net asset value of a scheme by contacting the office of the asset management company or by contacting any Investor Service Centre. Further, the net asset value will also be published in a minimum of 2 daily newspapers, the official website of the asset management company (www.dspblackrock.com), and on the website of the Association of Mutual Funds in India (www.amfiindia.com).

    The net asset value of the units under a scheme is calculated by dividing the total assets of a particular scheme by the total number of outstanding units as on the date of valuation.

    The NAV for the units under a scheme can be calculated by any one of the two formulas listed below:

    • NAV (in INR) = Fair or Market Value of the investments under a scheme + Current Assets – Current Liabilities and Provisions/Number of units that are outstanding under the scheme
    • NAV (in INR) = Capital + Reserves and Surplus/Number of units that are outstanding under the scheme

    With regard to liquidity offered to investors under this scheme, the mutual fund will attempt to dispatch the redemption proceeds to the concerned unitholders within a period of 3 days from when the redemption request was accepted by the mutual fund house.

    The Benchmark Index for this scheme is S&P BSE 100 Index.

    DSP Top 100 Equity Fund – Regular Plan – Dividend Fund Manager

    The fund managers for this scheme are Mr. Harrish Zaveri and Mr. Jay Kothari. Mr. Zaveri has been responsible for managing the investments under this fund since July 2015 and Mr. Kothari has been managing overseas investments under this fund since August 2018.

    Investment Restrictions of DSP Top 100 Equity Fund – Regular Plan – Dividend

    A few investment restrictions that apply to this scheme are as follows:

    • The scheme’s total exposure in groups (excluding the investments made in securities that are issued by public sector banks, public sector units, and public financial institutions) will not be more than 20% of the net assets under the scheme. This limit may be changed to 25% upon receiving approval from the trustees.
    • The mutual fund will not lend term loans and will also not borrow unless it is to meet liquidity needs that are of a temporary nature.
    • The scheme will not invest over 10% of the net asset value in equity-related instruments or equity shares of any firm or in the units/listed securities of venture capital funds.
    • The scheme will not invest over 5% of its net asset value in unlisted equity-related instruments/equity shares or in unlisted securities/units of venture capital funds.
    • If a mutual fund invests over 5% of the net asset value of any scheme, the investments made by that scheme or by other schemes of the mutual fund in that particular company or in any of its subsidiaries will need to be disclosed as per the SEBI (MF) Regulations.
    • The cumulative gross exposure via debt, equity, and derivatives position will not be more than 100% of the total assets of a particular scheme.
    • The scheme can invest in other schemes, except in a fund of funds scheme, under the same AMC or under other mutual funds without charging a fee.
    • Not more than 10% of a firm’s paid-up capital with voting rights can be owned by a mutual fund under all of its schemes.

    *Note: The above-mentioned list of investment restrictions is not exhaustive. For the complete list of investment restrictions, one can refer to the Scheme Information Document.

    Dividend Policy of DSP Top 100 Equity Fund – Regular Plan – Dividend

    Investors who choose the Dividend option will receive income by way of the dividend that is declared under this scheme. Under the Dividend option, investors can either choose the Payout Dividend sub-option or the Reinvest Dividend sub-option.

    Investors who opt for the Payout Dividend sub-option will receive dividend warrants within a period of 30 days from when the dividend is declared. For those who opt for the Reinvest Dividend sub-option, the dividend amount will be reinvested into the scheme by purchasing additional units under the scheme, instead of paying it out to the investor.

    Other facilities under DSP Top 100 Equity Fund – Regular Plan – Dividend

    • SIP Top-Up Facility: The SIP Top-Up facility gives investors the option to increase the SIP instalment amount during the SIP tenure.
    • Switching Facility: The mutual fund gives unitholders the option to switch from one scheme/option/plan to another scheme/option/plan.
    • Personal Identification Number (PIN): The mutual fund offers unitholders the convenience of making transactions through various digital/electronic modes. Unitholders will need to have a PIN to use such facilities. Investors can refer the PIN form for more terms and conditions about the same.
    • Pledging Units for Loans: Units under the scheme can be pledged as security by unitholders who wish to raise loans.
    • OTM – One Time Mandate Facility: By way of this facility, unitholders will be able to make transactions in a paperless and more convenient manner by submitting the OTM – One Time Mandate registration form to the mutual fund house.

    Why you should Invest in DSP Top 100 Equity Fund – Regular Plan – Dividend

    DSP Top 100 Equity Fund, a fund with a moderately high level of risk, is an open-ended scheme that is ideal for any individual looking for long-term capital growth by way of investing in equity-related and equity securities of large-cap companies. The Dividend option under this fund is best suited to investors who would like to receive returns throughout the investment tenure.

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    GST rate of 18% applicable for all financial services effective July 1, 2017.

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