DSP Mutual Fund, one of India’s leading mutual fund companies, has recently announced the launch of two new index funds – DSP Nifty IT Index Fund and DSP Nifty Healthcare Index Fund. This move is aimed at providing investors with a diversified portfolio and an opportunity to invest in two of the fastest-growing sectors in the Indian economy.
The DSP Nifty IT Index Fund will track the performance of the Nifty IT Index, which comprises of the top 10 IT companies listed on the National Stock Exchange (NSE). These companies are leaders in the IT sector and have a strong track record of delivering consistent returns to their investors. With the increasing demand for IT services and the rise of digitalization, the IT sector is expected to continue its growth trajectory, making it an attractive investment option for investors.
On the other hand, the DSP Nifty Healthcare Index Fund will track the performance of the Nifty Healthcare Index, which consists of the top 10 healthcare companies listed on the NSE. The healthcare sector in India has been witnessing significant growth, driven by factors such as increasing healthcare expenditure, rising awareness about health and wellness, and the government’s focus on providing affordable healthcare to all. This makes the DSP Nifty Healthcare Index Fund a promising investment opportunity for investors looking to diversify their portfolio.
Both these index funds will provide investors with a low-cost and efficient way to invest in the IT and healthcare sectors. As index funds, they will passively track the performance of their respective indices, thereby reducing the fund management costs and providing investors with higher returns. Moreover, these funds will also offer the benefit of diversification, as they will invest in a basket of stocks rather than individual companies, reducing the risk associated with investing in a single company.
Speaking about the launch of these index funds, Mr. Kalpen Parekh, President of DSP Mutual Fund, said, “We are excited to introduce these two new index funds to our investors. The IT and healthcare sectors have been the top performers in the Indian stock market, and we believe that these funds will provide our investors with an opportunity to participate in their growth. With the increasing demand for IT services and the government’s focus on improving healthcare infrastructure, we are confident that these sectors will continue to perform well in the future.”
The DSP Nifty IT Index Fund and DSP Nifty Healthcare Index Fund will be open for subscription from 20th September 2021 and will be available in both regular and direct plans. Investors can start investing with a minimum amount of Rs. 500 and can also avail of the Systematic Investment Plan (SIP) option to invest regularly and build their wealth over time.
In conclusion, the launch of DSP Nifty IT Index Fund and DSP Nifty Healthcare Index Fund by DSP Mutual Fund is a welcome move for investors looking to diversify their portfolio and invest in two of the fastest-growing sectors in the Indian economy. With their low-cost structure, efficient management, and potential for higher returns, these index funds are expected to attract a lot of attention from investors. So, if you are looking to invest in the IT and healthcare sectors, these index funds by DSP Mutual Fund are definitely worth considering.
