DSP Nifty Next 50 Index Fund
Large Cap IndexVery HighOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹27.60-1.49%1 day
- Return since launch
- 14.5%
- 52-week range
- ₹23.33 — ₹28.92
- AUM
- ₹1,407 Cr
DSP Nifty Next 50 Index Fund is a Large Cap Index equity fund from DSP Mutual Fund with ₹1,407 Cr under management, launched in 2019. Over three years it has returned 7.3% a year, against 9.4% for its category. The expense ratio is 1.02% and the SEBI riskometer reading is Very High.
Performance
DSP Nifty Next 50 Index Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +4.6% against -6.5% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 5.0% | +8.3 pts | -3.3% | -10.6% |
| 2Y | 4.9% | +7.2 pts | -2.3% | -4.5% |
| 3Y | 7.3% | −2.1 pts | 9.4% | -0.3% |
| 5Y | 12.6% | +4.8 pts | 7.8% | 5.1% |
| 7Y | 14.6% | +5.0 pts | 9.6% | 8.9% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -4.2% | +0.7 pts | -5.0% | -5.0% |
| 3M | -0.9% | +2.0 pts | -3.0% | -3.2% |
| 6M | 12.3% | +9.1 pts | 3.2% | 0.8% |
| 1Y | 4.6% | +7.9 pts | -3.3% | -6.5% |
| 2Y | -3.3% | +1.8 pts | -5.0% | -5.2% |
| 3Y | 16.6% | +7.2 pts | 9.4% | 6.2% |
| 5Y | 10.9% | +3.2 pts | 7.8% | 5.9% |
| 7Y | 14.7% | +4.9 pts | 9.8% | 10.7% |
Since launch (11 Feb 2019): 14.5%
Calendar-year returns
Category average14.1%
29.8%
0.4%
26.7%
26.8%
2.4%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 2.4% | −6.2 pts | 8.6% |
| 2024 | 26.8% | +12.4 pts | 14.4% |
| 2023 | 26.7% | +1.9 pts | 24.8% |
| 2022 | 0.4% | −3.7 pts | 4.1% |
| 2021 | 29.8% | +2.9 pts | 26.9% |
| 2020 | 14.1% | −2.2 pts | 16.4% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
1.01%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.80%
- Brokerage
- 0.02%
- Transaction charges
- 0.00%
- Statutory levies
- 0.19%
- Exit load
- 0%
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Next 50 TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 6.36 | 6.40 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.29 | 1.28 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.67 | 0.67 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.86 | 0.86 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 20.01 | 19.94 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
DSP Nifty Next 50 Index Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity99.8%
- Other0.2%
Market cap split
- Large86.9%
- Mid13.1%
- P/E
- 20.08
- P/B
- 3.34
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Divi's Laboratories Ltd. | Healthcare | 4.73% | ₹66.61 Cr | +3.36% | +3.50% | +3.42% |
| TVS Motor Company Ltd. | Automobile | 4.01% | ₹56.46 Cr | +3.13% | +3.90% | +3.38% |
| Tata Motors Ltd. | Automobile | 3.87% | ₹54.48 Cr | +3.15% | — | — |
| Hindustan Aeronautics Ltd. | Capital Goods | 3.58% | ₹50.43 Cr | +3.24% | +3.19% | +3.61% |
| Adani Power Ltd. | Energy | 3.23% | ₹45.49 Cr | +4.00% | +2.37% | +2.08% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 3.16% | ₹44.49 Cr | +2.62% | +3.14% | +2.63% |
| Samvardhana Motherson International Ltd. | Automobile | 2.97% | ₹41.75 Cr | +2.56% | +2.54% | +1.80% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 2.92% | ₹41.14 Cr | +1.83% | +1.95% | +1.64% |
| Cummins India Ltd. | Capital Goods | 2.71% | ₹38.18 Cr | +3.15% | — | — |
| Bharat Petroleum Corporation Ltd. | Energy | 2.58% | ₹36.36 Cr | +2.40% | +3.21% | +2.62% |
| The Indian Hotels Company Ltd. | Services | 2.55% | ₹35.88 Cr | +2.28% | +2.52% | +2.93% |
| Avenue Supermarts Ltd. | Services | 2.47% | ₹34.80 Cr | +2.37% | +2.43% | +3.07% |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 2.47% | ₹34.77 Cr | +2.50% | +2.14% | +1.95% |
| Britannia Industries Ltd. | Consumer Staples | 2.43% | ₹34.24 Cr | +2.43% | +3.04% | +3.02% |
| Tata Power Company Ltd. | Energy | 2.28% | ₹32.04 Cr | +2.80% | +2.72% | +2.76% |
| Varun Beverages Ltd. | Consumer Staples | 2.15% | ₹30.31 Cr | +2.87% | +2.65% | +2.87% |
| HDFC Asset Management Company Ltd. | Financial | 2.10% | ₹29.60 Cr | +2.16% | — | — |
| Pidilite Industries Ltd. | Chemicals | 2.06% | ₹28.95 Cr | +1.83% | +1.99% | +2.07% |
| Indian Oil Corporation Ltd. | Energy | 2.05% | ₹28.78 Cr | +2.08% | +3.01% | +2.24% |
| Bajaj Holdings & Investment Ltd. | Financial | 1.98% | ₹27.91 Cr | +1.78% | +2.01% | +2.43% |
| Power Finance Corporation Ltd. | Financial | 1.93% | ₹27.11 Cr | +2.48% | +2.59% | +2.43% |
| Solar Industries India Ltd. | Chemicals | 1.93% | ₹27.12 Cr | +1.76% | +1.41% | — |
| GAIL (India) Ltd. | Energy | 1.88% | ₹26.51 Cr | +1.76% | +1.96% | +2.05% |
| Vedanta Ltd. | Metals & Mining | 1.86% | ₹26.12 Cr | +2.38% | +5.24% | +3.13% |
| Adani Energy Solutions Ltd. | Energy | 1.83% | ₹25.77 Cr | +2.08% | +1.51% | +1.22% |
| Bank Of Baroda | Financial | 1.74% | ₹24.51 Cr | +1.98% | +2.57% | +1.89% |
| DLF Ltd. | Construction | 1.74% | ₹24.54 Cr | +1.50% | +1.66% | +2.08% |
| Jindal Steel Ltd. | Metals & Mining | 1.74% | ₹24.47 Cr | +1.78% | +2.00% | +1.53% |
| United Spirits Ltd. | Consumer Staples | 1.73% | ₹24.37 Cr | +1.49% | +1.75% | +1.70% |
| Bosch Ltd. | Automobile | 1.71% | ₹24.02 Cr | +1.26% | +1.36% | +1.52% |
| Canara Bank | Financial | 1.68% | ₹23.61 Cr | +1.75% | +2.28% | +1.54% |
| LTM Limited | Technology | 1.66% | ₹23.35 Cr | +1.50% | +1.78% | +2.09% |
| Adani Green Energy Ltd. | Capital Goods | 1.60% | ₹22.55 Cr | +1.96% | +1.25% | +1.23% |
| REC Ltd. | Financial | 1.59% | ₹22.36 Cr | +1.67% | +1.88% | +1.92% |
| ABB India Ltd. | Capital Goods | 1.58% | ₹22.19 Cr | +1.51% | +1.37% | +1.15% |
| Punjab National Bank | Financial | 1.55% | ₹21.78 Cr | +1.45% | +1.92% | +1.53% |
| Godrej Consumer Products Ltd. | Consumer Staples | 1.43% | ₹20.05 Cr | +1.64% | +2.10% | +2.20% |
| Union Bank of India | Financial | 1.43% | ₹20.18 Cr | +1.29% | — | — |
| Siemens Ltd. | Capital Goods | 1.40% | ₹19.72 Cr | +1.35% | +1.30% | +1.19% |
| Lodha Developers Ltd. | Construction | 1.31% | ₹18.41 Cr | +1.05% | +1.19% | +1.47% |
| Muthoot Finance Ltd. | Financial | 1.26% | ₹17.68 Cr | +1.42% | — | — |
| Hyundai Motor India Ltd. | Automobile | 1.24% | ₹17.41 Cr | +1.09% | +1.33% | +1.54% |
| Shree Cement Ltd. | Materials | 1.22% | ₹17.18 Cr | +1.34% | +1.50% | +1.72% |
| Zydus Lifesciences Ltd. | Healthcare | 1.14% | ₹16.09 Cr | +1.07% | +0.99% | +1.08% |
| Hindustan Zinc Ltd. | Metals & Mining | 1.13% | ₹15.85 Cr | +1.09% | +1.12% | — |
| Siemens Energy India Ltd. | Energy | 1.12% | ₹15.81 Cr | +1.36% | +1.11% | — |
| Ambuja Cements Ltd. | Materials | 0.98% | ₹13.85 Cr | +1.08% | +1.31% | +1.62% |
| Mazagon Dock Shipbuilders Ltd. | Capital Goods | 0.74% | ₹10.43 Cr | +0.74% | +0.73% | — |
| Tata Capital Ltd. | Financial | 0.73% | ₹10.25 Cr | +0.52% | — | — |
| Indian Railway Finance Corporation Ltd. | Financial | 0.66% | ₹9.28 Cr | +0.78% | +0.79% | +0.93% |
| Others | Others | 0.16% | ₹1.57 Cr | -0.88% | -0.12% | -0.02% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Others | -2.81% | -0.13% | +2.68% |
| Divi's Laboratories Ltd. | 4.15% | 4.73% | +0.58% |
| Power Finance Corporation Ltd. | 2.50% | 1.93% | -0.57% |
| Adani Energy Solutions Ltd. | 2.19% | 1.83% | -0.36% |
| Adani Power Ltd. | 3.55% | 3.23% | -0.32% |
| Godrej Consumer Products Ltd. | 1.74% | 1.43% | -0.31% |
| Cummins India Ltd. | 3.02% | 2.71% | -0.31% |
| Varun Beverages Ltd. | 2.45% | 2.15% | -0.30% |
| REC Ltd. | 1.89% | 1.59% | -0.30% |
| Tata Power Company Ltd. | 2.57% | 2.28% | -0.29% |
| Adani Green Energy Ltd. | 1.88% | 1.60% | -0.28% |
| Samvardhana Motherson International Ltd. | 2.70% | 2.97% | +0.27% |
| Bosch Ltd. | 1.44% | 1.71% | +0.27% |
| Shree Cement Ltd. | 1.41% | 1.22% | -0.19% |
| Tata Motors Ltd. | 3.69% | 3.87% | +0.18% |
| Britannia Industries Ltd. | 2.58% | 2.43% | -0.15% |
| Torrent Pharmaceuticals Ltd. | 3.04% | 2.92% | -0.12% |
| Solar Industries India Ltd. | 1.81% | 1.93% | +0.12% |
| Ambuja Cements Ltd. | 1.09% | 0.98% | -0.11% |
| GAIL (India) Ltd. | 1.98% | 1.88% | -0.10% |
| Muthoot Finance Ltd. | 1.35% | 1.26% | -0.09% |
| TVS Motor Company Ltd. | 4.10% | 4.01% | -0.09% |
| Union Bank of India | 1.34% | 1.43% | +0.09% |
| Avenue Supermarts Ltd. | 2.56% | 2.47% | -0.09% |
| Lodha Developers Ltd. | 1.40% | 1.31% | -0.09% |
| Jindal Steel Ltd. | 1.65% | 1.74% | +0.09% |
| United Spirits Ltd. | 1.81% | 1.73% | -0.08% |
| Bank Of Baroda | 1.82% | 1.74% | -0.08% |
| Hindustan Zinc Ltd. | 1.05% | 1.13% | +0.08% |
| Cholamandalam Investment and Finance Company Ltd. | 3.24% | 3.16% | -0.08% |
| The Indian Hotels Company Ltd. | 2.63% | 2.55% | -0.08% |
| CG Power and Industrial Solutions Ltd. | 2.40% | 2.47% | +0.07% |
| Indian Oil Corporation Ltd. | 2.12% | 2.05% | -0.07% |
| Indian Railway Finance Corporation Ltd. | 0.73% | 0.66% | -0.07% |
| HDFC Asset Management Company Ltd. | 2.16% | 2.10% | -0.06% |
| Siemens Ltd. | 1.35% | 1.40% | +0.05% |
| Vedanta Ltd. | 1.81% | 1.86% | +0.05% |
| Bharat Petroleum Corporation Ltd. | 2.62% | 2.58% | -0.04% |
| Pidilite Industries Ltd. | 2.02% | 2.06% | +0.04% |
| Siemens Energy India Ltd. | 1.16% | 1.12% | -0.04% |
| ABB India Ltd. | 1.55% | 1.58% | +0.03% |
| DLF Ltd. | 1.71% | 1.74% | +0.03% |
| Punjab National Bank | 1.57% | 1.55% | -0.02% |
| Canara Bank | 1.70% | 1.68% | -0.02% |
| LTM Limited | 1.64% | 1.66% | +0.02% |
| Hyundai Motor India Ltd. | 1.26% | 1.24% | -0.02% |
| Tata Capital Ltd. | 0.74% | 0.73% | -0.01% |
| Hindustan Aeronautics Ltd. | 3.57% | 3.58% | +0.01% |
| Bajaj Holdings & Investment Ltd. | 1.99% | 1.98% | -0.01% |
| Mazagon Dock Shipbuilders Ltd. | 0.73% | 0.74% | +0.01% |
| Zydus Lifesciences Ltd. | 1.14% | 1.14% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹3,012 Cr | 0.64% | 5.3% | 7.4% | 12.6% |
 UTI Nifty Next 50 Index Fund | ₹7,547 Cr | 0.87% | 5.1% | 7.3% | 12.5% |
 SBI Nifty Next 50 Index Fund | ₹2,366 Cr | 0.76% | 5.2% | 7.3% | 12.5% |
 Kotak Nifty Next 50 Index Fund | ₹1,295 Cr | 0.64% | 5.3% | 7.4% | 12.6% |
 Nippon India Nifty Next 50 Junior BeES FoF | ₹840 Cr | 0.30% | 5.7% | 7.7% | 12.9% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to invest in companies which are constituents of NIFTY Next 50 Index (underlying Index) in the same proportion as in the index and seeks to generate returns that are commensurate (before fees and expenses) with the performance of the underlying Index.
Fund managers
- Anil GhelaniMr. Ghelani has done B. Com., CFA & CAPrior to joining DSP Mutual Fund he has worked with IL&FS, S. R. Batliboi, V. C. Shah & Co.
- Diipesh ShahMr. Shah is a B Com, ACA, Candidate of the CFA Program, CFA Institute USA, Level I ClearedPrior to joining DSP Mutual Fund, he has worked with JM Financial, Centrum Broking, IDFC Securities, ICICI Securities and IIFL Capital Pte Ltd Singapore.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months12.27% absolute | ₹60,000 | ₹67,362 | 12.27% | |
| 1 year4.61% annualised | ₹1,20,000 | ₹1,23,039 | 2.53% | |
| 3 years16.62% annualised | ₹3,60,000 | ₹4,69,073 | 30.30% | |
| 5 years10.91% annualised | ₹6,00,000 | ₹8,00,492 | 33.42% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of DSP Nifty Next 50 Index Fund?
The NAV of DSP Nifty Next 50 Index Fund is ₹27.60 as on 24 Sep 2026.
What is the expense ratio of DSP Nifty Next 50 Index Fund?
The expense ratio of DSP Nifty Next 50 Index Fund is 1.02% per year.
What is the minimum SIP amount for DSP Nifty Next 50 Index Fund?
You can start a SIP in DSP Nifty Next 50 Index Fund with ₹3,000 a month.
What returns has DSP Nifty Next 50 Index Fund given?
DSP Nifty Next 50 Index Fund has returned 5.0% over 1 year, 7.3% over 3 years and 12.6% over 5 years (annualised).
Is there a lock-in or exit load on DSP Nifty Next 50 Index Fund?
Lock-in: None. Exit load: 0%.
How risky is DSP Nifty Next 50 Index Fund?
DSP Nifty Next 50 Index Fund is rated Very High on the SEBI riskometer and belongs to the Large Cap Index category.
Which fund house manages DSP Nifty Next 50 Index Fund?
DSP Nifty Next 50 Index Fund is managed by DSP Mutual Fund, which runs 60 schemes with ₹2,33,296 Cr under management.