DSP Investment Managers announced the launch of DSP Nifty Midcap 150 Quality 50 Index Fund. This new quality-focused mid cap Fund offers investors an option to invest in mid-cap companies with the potential of higher growth and profitability, lower leverage &relatively stable earnings.
It follows a zero-bias, rule-based strategy by replicating the Nifty Midcap 150 Quality 50 Index. This index selects 50 companies from the parent Nifty Midcap 150 index based on ‘Quality Scores’ using metrics like return on equity, financial leverage & earning per share growth variability of each stock. The Fund therefore offers investors a simple way to own the potential leaders of tomorrow, with a chance to earn big returns by utilizing this high-risk, high-return strategy. It will also have a lower expense ratio than most actively managed mid-cap funds.The New Fund Offer for the fund opens for subscription on 18th July, 2022 and closes on 29th July, 2022.
Anil Ghelani, CFA, Head – Passive Investments& Products, DSP Investment Managers, said, “The goal is to help investors build their portfolio of mid – caps with a disciplined design to deliver outperformance over the long term.”