DSP Mutual Fund has launched DSP Nifty 50 Index Fund & DSP Nifty Next 50 Index Fund, open ended index funds which seeks to replicate the performance of the Nifty 50 Index and Nifty Next 50 Index respectively.
The Nifty 50 Index tracks the performance of the top 50 companies in India by market cap. The index invests in market leaders from different sectors and represents the economy through time. The Nifty Next 50 Index tracks 51 to 100 stocks ranked by market cap. This index tries to capture companies, which may become the large caps of tomorrow. Both the indices operate in the large cap space as defined by SEBI.
Gauri Sekaria will manage both the funds.