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DSP Mutual Fund has launched two index funds focusing on IT and healthcare themes: DSP Nifty IT Index Fund and DSP Nifty Healthcare Index Fund. The funds aim to provide investors to participate in defensive sectors.
The DSP Nifty IT Index Fund aims to replicate the Nifty IT Index and will invest in the top 10 companies in this sector based on their free float market cap.
The DSP Nifty Healthcare Index Fund aims to replicate the Nifty Healthcare Index and would be investing in the top 20 Healthcare companies based on their free float market cap.
In a press release, Anil Ghelani, Head - Passive Investments & Products, DSP MF said, “The new funds offer investors a balanced approach to participate in sectors that combine growth with resilience. In uncertain market environments, defensive sectors like IT and healthcare have seen lower drawdowns, with the potential to deliver attractive returns.”
Gurjeet Kalra, Business Head – Passive Funds, DSP MF adds, “By strategically including low-beta sectors such as IT and healthcare, investors can construct a more resilient and efficient portfolio, which may help them optimize returns and effectively manage market risk. Defensive sectors are currently underrepresented in broader indices, and history shows that when underweight, sectors like IT and healthcare tend to outperform the market over the following year.”
