DSP Nifty Midcap 150 Quality 50 ETF: NFO closes on 17th December 2021

By Prarit

DSP Nifty Midcap 150 Quality 50 ETF is an open-ended scheme replicating or tracking the Nifty Midcap 150 Quality 50 index. The NFO is open from 6 December 2021 to 17 December 2021 well explained by The Wealth Generating

What is an exchange-traded fund (ETF)?

An exchange-traded fund is a type of security that tracks the performance of a specific sector, commodity, or stock market index. It can be traded on the exchanges throughout the day just like a stock. Therefore, its price changes all day, unlike a typical mutual fund, whose NAV is determined only once a day after the markets close. ETFs can contain many types of investments, including stocks, commodities, and bonds. 

Investment objective

The primary investment objective is to provide the returns, before expenses, that closely correspond to the total return of the Nifty Midcap 150 Quality 50 index, subject to tracking errors. However, the fund gives no assurance or guarantee for returns.

Note: The above information has been sourced from the scheme information document provided by DSP Mutual Fund. To read the entire document, click here

Disclaimer: The above article is purely academic in nature and aims to provide knowledge about basic trading concepts & should not be construed as an opinion or advice to invest or trade. RKSV Securities India Private Limited (brand name Upstox) is the distributor of the mutual fund. Mutual fund investments are subject to market risks; please read all the related documents and/or consult your investment advisor before investing. Past performance of an investment asset does not guarantee future returns.

Mutual fund investments are subject to market risks, read all scheme-related documents carefully.