DSP Top 100 Equity Fund-Reg(G)

DSP Top 100 Equity Fund-Reg(G)
Dividend Yearly
NA
Category
Equity - Large Cap
52-week NAV high
217.07  (As on 03-06-2019)
52-week NAV low
179.11  (As on 26-10-2018)
Expense
2.14%  (As on 31-08-2019)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns 5.48 -2.80 1.08 1.81 1.44 5.44 7.70 6.43 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Mar 10, 2003
Last Dividend
NA
Minimum Investment
500

DSP BlackRock is a partnership between DSP Group, one of India’s oldest financial firm and BlackRock, the largest investment management firm in the world. It is one of the foremost asset management firms in India and has a track record of 20 years in investment excellence. The DSP Group has been instrumental in the growth of capital markets since its inception in the 1860s into the business of stock broking. on the other hand has a reputation for managing more investments than any other investment companies in the world.

The fund house offers 32 schemes in the categories of - equity, hybrid, debt, solutions, and international Fund of Funds (FoFs). The DSP Top 100 Equity Fund-Regular Plan-Growth is an open-ended equity scheme that invests in stocks of firms with large market capitalisation and has a long-term investment horizon.

Investment Objective:

To produce capital gains for the investor over a long term through investment in a portfolio that predominantly consists of equity and its related securities of large cap firms.

Key Features:

Type of fund An open-ended equity scheme
Plans available Growth Dividend - Payout and Reinvestment
Options under each plan The dividend option has payout and reinvestment option
Risk Moderately High
Systematic Investment Plan Available
Systematic Transfer Plan Available
Systematic Withdrawal Plan Available

Investment amount for DSP Top 100 Equity Fund

Minimum Application Amount Rs.1,000 and any amount thereafter
Minimum Additional Investment Rs.1,000 and any amount thereafter
Minimum installment for Systematic Investment Plan (SIP) Rs.500
Minimum installment for Systematic Withdrawal Plan (SWP) Rs.500
Entry Load Not Applicable
Exit Load The investor has to pay 1% exit load if he/she exits the scheme before 1 year from unit allotment date. No exit load will be applicable if the investor exits after 1 year

Asset Allocation for DSP Top 100 Equity Fund

Instruments Percentage of total assets Risk Profile
Minimum Maximum
Equity and its related securities 90% 100% Medium to High
Debt, securitised debt and money market instruments 0% 10% Low to Medium

Who can invest in DSP Top 100 Equity Fund?

Investments in DSP Top 100 Equity Fund can be made by the below-mentioned persons/entities:

  • Adult individuals residing in India, either singly or jointly (cannot exceed 3 people)
  • Karta of Hindu Undivided Families
  • Minors through a legal guardian or parent
  • Persons of Indian Origin (PIO)/Non-Resident Indians (NRIs), on repatriation or non-repatriation basis
  • Limited Liability Partnerships and Partnership firms
  • Association of Persons or Body of Individuals
  • Corporate bodies and companies registered in India
  • Universities and educational institutions
  • Religious and Charitable Trusts, Wakfs or endowments of private trusts
  • SEBI registered Foreign Portfolio Investor
  • Financial institutions and banks (including Regional Rural Banks and Co-operative Banks)
  • Scientific and Industrial Research Organisations
  • Army, Navy, Air Force, and other paramilitary funds
  • Proprietorship in the name of the sole proprietor
  • International Multilateral Agencies approved by the RBI and Government of India
  • Mutual fund schemes registered with SEBI (Securities and Exchange Board of India)
  • Pensions/Gratuity/Provident Fund to a permissible extent
  • AMC/Trustee or Sponsor or their associates

NAV Disclosure and Benchmark for DSP Top 100 Equity Fund

The Net Asset Value (NAV) for this scheme is calculated by dividing the net assets of the scheme by the number of units that are outstanding on the date of valuation. The NAV is computed at the end of every business day and will be rounded off to 3 decimal places.

The NAV of the scheme is made available by the fund house by 9:00 p.m. each day and is sent for publication to at least 2 national newspapers. The NAV will also be published on the website of the AMFI at www.amfiindia.com and on the website of DSP at www.dspblackrock.com.

Liquidity: The redemption proceeds will be dispatched within 3 working days from the date the redemption request is accepted.

Benchmark Index: S&P BSE 100 Index

Fund Manager

Mr. Harish Zaveri

The DSP Top 100 Equity Fund has been managed by Mr. Harish Zaveri since July 2015. He has over 23 years of experience in equities and capital markets. He also co-manages the DSP Focus 25 Fund and DSP Dual Advantage Fund-Series 49 to 42M.

Investment Restrictions on DSP Top 100 Equity Fund

The Securities and Exchange Board of India (SEBI) have laid down the below-given restrictions on the DSP Top 100 Equity Fund scheme:

  • The scheme is not allowed to invest above 10% of its NAV in debt securities that have been issued by a single issuer and rated above the investment grade by a credit rating agency. This limitation will not be applicable to investments in treasury bills, government securities, and CBLO (Collateralised Borrowing and Lending Obligation).
  • The mutual fund cannot own above 10% of any firm’s paid-up capital carrying voting rights.
  • The scheme is not permitted to make investments in - any unlisted security of a group company or associate of the sponsor, any security issued by private placement, and any listed securities of sponsor’s group company which is more than 25% of the net assets.
  • No scheme is allowed to invest above 5% of its NAV in unlisted securities/equity shares/venture capital fund units/equity related securities.
  • The cumulative gross exposure of the scheme cannot exceed 100% of the net assets through debt, equity, and derivatives position.
  • The scheme is not permitted to invest in any Fund of Funds (FoF) scheme.
  • The scheme cannot invest above 10% of its NAV in equity and its related securities of any firm or listed securities or venture capital fund units.
  • All the investment restrictions shall apply at the time of making investments.

Dividend Policy of DSP Top 100 Equity Fund

The dividend option is ideal for investors who seek to receive regular income through the dividends declared by the scheme. The dividends will only be given out to unitholders who have opted for this option. The dividends will comprise majorly of realised gains and net income generated by the scheme.

Dividends can be availed in 2 ways - Payout Dividend and Reinvest Dividend.

In the Payout Dividend option, investors will receive the dividend warrants within 30 days of the dividend being declared. Only those unitholders whose names appear on the register will be eligible to receive the dividends. The dividend payments will be made through a cheque or can be transferred directly into the bank account of the unitholder.

In the Reinvest Dividend option, the generated dividend is invested back into purchasing additional units of the scheme instead of giving away payouts. Reinvestment in such cases will be done at the applicable NAV on the next working day after the record date.

The dividend option will reduce the NAV of the unitholders by the declared dividend amount.

Other Facilities offered by DSP Top 100 Equity Fund

The DSP Top 100 Equity Fund offers the below facilities to investors:

  • Systematic Investment Plan (SIP)
  • Systematic Withdrawal Plan (SWP)
  • Systematic Transfer Plan (STP)
  • Switching
  • Personal Identification Number
  • Pledge of units for loans
  • Dividend Transfer Plan (DTP)
  • My Target Value Savings Account Facility
  • One Time Mandate (OTM) Facility

Why you should invest in DSP Top 100 Equity Fund

  • Since its inception in 2003, the DSP Top 100 Equity Fund has been offering consistent track record over a long term.
  • Independent analysts have rated the DSP Top 100 Equity Fund highly.
  • For an SIP as low as Rs.500, investors can make investments in the DSP Top 100 Equity Fund.
  • The portfolio comprises large-cap, blue-chip stocks that have been chosen from the world’s largest companies by market capitalisation listed in India.
  • The firms that make up the investment portfolio possess good management resources, have achieved scale, and are forerunners in their respective industry categories.
  • Being an equity scheme, the DSP Top 100 Equity Fund has a potential of achieving good returns.

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