25
Oct
DSP Investment Managers announced the launch of DSP Nifty 50 Equal Weight ETF, India’s First Exchange Traded Fund based on the Nifty 50 Equal Weight Index. In an equal weight index, each stock in it gets equal weight. It gives all companies in the index an equal chance to contribute to returns rather than being overly dependent on the top 10. DSP said that the DSP Equal Nifty 50 ETF, owing to its methodology, aims to provide better sector and stock diversification compared to Nifty 50 Index.Apart from a diversified portfolio at a relatively lower cost, the Nifty 50 Equal…
