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India’s first ETF based on Nifty 50 Equal Weight Index launched – Check how it differs
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DSP Investment Managers has announced the launch of DSP Nifty 50 Equal Weight ETF, India’s first Exchange Traded Fund based on the Nifty 50 Equal Weight Index.
The New Fund Offer opened for subscription on October 18th and will close on October 29th, after which it can be purchased and sold on the exchanges. The DSP Equal Nifty 50 ETF aims to provide better sector and stock diversification compared to the Nifty 50 Index.
In Nifty 50, the stock weights are determined by market cap and weightage changes based on market movement. The returns are skewed towards stocks with highest weight. In Nifty 50 Equal Weight, equal weights to each stock and weight of each stock is reset to equal weight every quarter. Every stock has equal opportunity to
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