DSP NIFTY Next 50 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 16, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
DSP NIFTY Next 50 Index Fund Direct Growth Plan had a NAV of ₹27.8866 as of 15 Sep 2026 and an AUM of ₹1,406 Cr. Its 1-year, 3-year and 5-year returns are 6.66%, 16.16% and 11.6% respectively, and it sits in the High Risk bucket.
Our view is that this fund fits investors who want an index-style exposure with meaningful movement in shorter periods and a stronger longer-term outcome than its benchmark. The portfolio is built around large positions in names such as Divi’S Laboratories Limited, TVS Motor Co Limited and Tata Motors Limited, so the ride may stay uneven even when the overall track record improves over time.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹27.8866 as of 15 Sep 2026 |
| AUM | ₹1,406 Cr |
| Expense Ratio | 0.28% |
| Launch Date | 21 Feb 2019 |
| Min SIP | ₹100 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Index Funds |
| Exit Load | No exit load |
| Fund Managers | Anil Ghelani, Diipesh Shah, Neha Rathi |
The fund is managed by Anil Ghelani, Diipesh Shah and Neha Rathi.
Source data date: as of 15 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -5.6% | -4.81% |
| 3M | -1.83% | -3.63% |
| 1Y | 6.66% | -8.27% |
| 3Y | 16.16% | 5.59% |
| 5Y | 11.6% | 5.58% |
The recent picture is mixed, but not weak in context. Over 1 month, the fund fell more than the benchmark, while over 3 months it held up better than the benchmark despite being slightly negative.
That short-term unevenness matters because the fund is not built for a smooth line. The 1-year number is clearly positive while the benchmark is negative, which tells us the fund has moved ahead over the last year even though the path was choppy.
The longer lens looks stronger. Both the 3-year and 5-year returns stand above the benchmark’s corresponding figures, which suggests the strategy has compounded better than the benchmark over more than one market cycle. That is important for an index fund because investors usually expect benchmark tracking, but here the return pattern has been materially better than the benchmark over the medium and long term.
The time pattern also shows that the fund has had periods of drawdown and recovery rather than a straight run. For an investor, that means the fund may suit a patient holding period more than a short trading mindset, especially when the aim is to ride the broader growth theme behind the index over time.
Source data date: as of 15 Sep 2026
Should you BUY or HOLD DSP NIFTY Next 50 Index?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding DSP NIFTY Next 50 Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| DSP NIFTY Next 50 Index Fund Direct Growth Plan | 6.66% | 16.16% | 11.6% |
| ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan | 32.61% | 29.92% | Data not available |
| Tata Nifty Capital Markets Index Fund Direct Growth Plan | 25.91% | Data not available | Data not available |
| Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan | 21.71% | Data not available | Data not available |
| Motilal Oswal Nifty MidSmall Financial Services Index Fund Direct Growth Plan | 20.15% | Data not available | Data not available |
| ICICI Pru Nifty Pharma Index Fund Direct Growth Plan | 18.11% | 18.92% | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The fund’s 1-year return is well below the strongest peer figures in this set, though the longer run tells a different story. Its 3-year and 5-year returns are ahead of some available peer figures, but the comparison is uneven because several peer schemes do not have 3-year or 5-year numbers available.
That split matters for interpretation. On a one-year view, the fund looks modest beside the strongest peers, while the medium-term numbers are more competitive. So the short-term and longer-term comparison do not tell the same story, and that is exactly why this fund is better judged over a multi-year holding period than on one recent snapshot.
Source data date: as of 15 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Divi’S Laboratories Limited | Healthcare | 4.73% |
| TVS Motor Co Limited | Automobile & Ancillaries | 4.01% |
| Tata Motors Limited | Domestic Equities | 3.87% |
| Hindustan Aeronautics Limited | Capital Goods | 3.58% |
| Adani Power Limited | Power | 3.23% |
| Cholamandalam Investment and Finance Co Limited | Finance | 3.16% |
| Samvardhana Motherson International Limited | Automobile & Ancillaries | 2.97% |
| Torrent Pharmaceuticals Limited | Healthcare | 2.92% |
| Cummins India Limited | Automobile & Ancillaries | 2.71% |
| Bharat Petroleum Corporation Limited | Crude Oil | 2.58% |
The largest holding is Divi’S Laboratories Limited at 4.73%, which is meaningful but not extreme on its own. The gap from the first holding to the tenth is not huge in absolute terms, but it is wide enough to show that the portfolio is not dominated by a single name.
The top 10 holdings together account for approximately 33.76% of the portfolio, and the remaining exposure is spread across 40 more disclosed holdings. That mix suggests a fairly broad construction, even though a handful of names still have greater influence than the rest.
For investors, the important point is that the fund may behave with some concentration at the top while still retaining a long tail of holdings. That can help diversify company-specific risk, but it also means the headline performance is likely to be shaped by several sizeable positions rather than one clear anchor.
To see all holdings, visit the DSP NIFTY Next 50 Index Fund Direct Growth Plan page
Source data date: as of 15 Sep 2026
Who should invest
This fund suits investors who are comfortable with High Risk and can stay invested long enough to ride through uneven periods. The recent 1-year result is positive, but the short-term path has not been smooth, so a patient horizon is important.
Its stronger 3-year and 5-year outcomes versus the benchmark make it more appealing for investors who want a multi-year equity allocation rather than a short-term parking place. The main trade-off is that the fund may still swing around in the near term even when the broader return trend is improving.
Because the portfolio is spread across 50 holdings with several meaningful positions at the top, it may work better for investors who can tolerate some concentration at the stock level while still preferring an index-oriented structure.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: No exit load.
Source data date: as of 15 Sep 2026
Frequently asked questions
What is the current NAV of DSP NIFTY Next 50 Index Fund Direct Growth Plan?
The current NAV is ₹27.8866 as of 15 Sep 2026.
What are the 1-year, 3-year and 5-year returns?
The 1-year return is 6.66%, the 3-year return is 16.16% and the 5-year return is 11.6%.
How does this fund compare with its benchmark?
It has outperformed the benchmark over 1 year, 3 years and 5 years. The benchmark return figures are -8.27%, 5.59% and 5.58% for those periods.
How does it compare with the listed peer funds?
Its 1-year return of 6.66% is below the strongest peer figures shown, while its 3-year and 5-year results are more competitive where peer numbers are available. The peer set does not show the same pattern across every scheme and every time frame.
Is there a minimum SIP for this fund?
Yes, the minimum SIP amount is ₹100.
Who manages the fund and what is the exit load?
The fund is managed by Anil Ghelani, Diipesh Shah and Neha Rathi. The exit load is nil, so no exit load applies on redemption.
Bottom line
This fund has a mixed short-term pattern but a stronger medium- and long-term record against its benchmark. Compared with the listed peers, its 1-year result is lighter, yet its 3-year and 5-year numbers are more competitive where those figures are available. The risk profile is High Risk, and the portfolio has a long tail of 50 holdings with the top positions carrying noticeable weight. That combination makes it more suitable for investors who can stay patient through uneven periods and are looking for index-style equity exposure with a multi-year horizon.
Published on 16 September 2026 at 11:56 AM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.