DSP Mutual Fund is a joint venture between India-based DCP Group and BlackRock, an American investment management company.
DSP Group
DSP Group is a 152-year old financial company. The firms started stock broking business back in 1860s. One of the members of the family that founded this group was behind the foundation of the Bombay Stock Exchange (BSE.)
Other than DSP BlackRock, the group also has association with Merrill Lynch, an American investing and wealth management wing of the Bank of America. DSP Merrill Lynch Ltd. came to light on 23 December, 1975 in Mumbai. Both these companies established the DSP Merrill Lynch Asset Management (India) Ltd. in 1999.
DSP Group is currently led by Mr. Hemendra Kothari. He started his career with D.S. Purbhoodas & Co. before establishing DSP Financial Consultants, a financial services provider in 1975.
BlackRock
BlackRock is a multinational investment management corporation based in New York City. It is currently the largest asset management company with an asset under management (AuM) of $6.5 trillion.
The company was established back in 1988 as an institutional asset manager for risk management and fixed income. BlackRock has presence in 30 countries with clients in 100. It operates 70 offices with around 14,900 employees.
As of 2018, the company generates revenue of over $14,000 million, net income of $4,305 million, and total assets as high as $160,000 million.
DSP Mutual Fund
DSP Investment Managers Pvt. Ltd. was founded as a trust under the Indian Trusts Act, 1882. It is registered with SEBI with the registration code MF/036/97/7. The joint venture DSP and BlackRock was formed back in 2008.
54% of the company’s shares are held by DSP ADIKO holdings Pvt. Ltd., 34% by DSP hMK holdings Pvt. Ltd., and the rest 12% by Ms. Aditi Kothari Desai and Ms. Shuchi Kothari in equal proportions.
The company’s income stood at Rs. 7,518 million and profit after tax Rs. 963 million as of year ended March 2018.
As of 31 March 2019, DSP Investment Managers Pvt. Ltd. has 252 schemes and an AuM of Rs. 78,362 Crore.
| Fund Name | Category | Risk | 1Y Returns | Rating | Fund Size(in Cr) | |
|---|---|---|---|---|---|---|
| DSP Natural Resources and New Energy Fund | Equity | High | -24.1% | 5star | ₹269 | |
| DSP Government Securities Fund | Debt | Moderate | 16.7% | 5star | ₹1,036 | |
| DSP Corporate Bond Fund | Debt | Moderate | 10.7% | 5star | ₹1,110 | |
| DSP Dynamic Asset Allocation Fund | Others | Moderately High | 3.9% | 5star | ₹1,256 | |
| DSP Midcap Fund | Equity | Moderately High | -4.3% | 4star | ₹6,488 | |
| DSP Equity Fund | Equity | Moderately High | -8.0% | 4star | ₹3,151 | |
| DSP Tax Saver Fund | Equity | Moderately High | -12.3% | 4star | ₹5,407 | |
| DSP Equity & Bond Fund | Hybrid | Moderately High | -4.0% | 4star | ₹5,538 | |
| DSP Nifty Next 50 Index Fund | Equity | Moderately High | -11.4% | 4star | ₹55 | |
| DSP Quant Fund | Equity | High | N.A | 4star | ₹217 | |
| DSP Ultra Short Fund | Debt | Moderately Low | 7.4% | 3star | ₹2,384 | |
| DSP Nifty 50 Index Fund | Equity | Moderately High | -15.7% | 3star | ₹58 | |
| DSP Focus Fund | Equity | Moderately High | -13.0% | 3star | ₹1,641 | |
| DSP 10Y G-Sec Fund | Debt | Moderate | 15.5% | 3star | ₹48 | |
| DSP Equity Opportunities Fund | Equity | Moderately High | -12.4% | 3star | ₹4,439 | |
| View All Top Performing Dsp Blackrock Mutual Funds |
Key information
| Mutual fund | DSP Mutual Fund | |||
|---|---|---|---|---|
| Asset management company | DSP Investment Managers Pvt. Ltd. | |||
| Set up | 16 December 1996 | |||
| Incorporated | 13 May 1996 | |||
| Sponsors | DSP HMK Holdings Pvt. Ltd. | DSP Adiko Holdings Pvt. Ltd. | Ms. Aditi Kothari Desai | Ms. Shuchi Kothari |
| Trustee | DSP Trustee Company Pvt. Limited. | |||
| Name of trustees | Mr. Shitin D. Desai (Independent Director) | Mr. T. S. Krishna Murthy (Independent Director) | Mr. S.S.N. Moorthy (Independent Director) | Ms. Pravin Tripathi (Independent Director) |
| President | Mr. Kalpen Parekh | |||
| COO | Mr. Ramamoorthy Rajagopal | |||
| Compliance Officer | Mr. Pritesh Majmudar |
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How can you invest in Dsp Blackrock Mutual Funds?
You can invest in DSP BlackRock Mutual Fund online by following the few simple steps mentioned below:
Step 1. Log-in to your Groww account or register yourself if don’t have one already.
Step 2. Upload your identity proof documents like (Driving License, Voter ID, PAN, Aadhaar, Passport, or Central or State Government ID card, etc.).
Step 3. Upload your address proof documents (any identity proof documents with your permanent address, etc.).
Step 4. Select the period of investment.
Step 5. Choose your preferred risk - low, mid, or high.
Step 6. Select your preferred DSP BlackRock Mutual Fund.
Step 7. Click on “Invest One Time” is you want to invest a lump sum amount or “Start SIP” if you want to invest via SIP.
The DSP BlackRock Mutual Fund in India you have purchased will reflect in your Groww account within 3 to 4 working days.
Top Fund Managers
1. Ms. Gauri Sekaria
Gauri Sekaria holds a BBM degree from the Mount Carmel Institute of Management and a M.Sc degree in International Securities, Investment, and Banking from the Henley Business School. She also holds a Financial Risk Manager (FRM) designation from the Global Association of Risk Professionals (GARP).
She initially joined Benchmark Asset Management Company Private Ltd. as a Portfolio Manager back in 2005. Ms. Sekaria then moved to the Goldman Sachs Asset Management (India) Private Ltd. as an Executive Director in 2003.
Gauri Sekaria is with DSP Investment Managers Pvt. Ltd. since 2017 as the Vice President of ETF's and Passive Investments. She manages an AuM of Rs. 168 Crore invested in 9 schemes like DSP Nifty 50 Index Fund, DSP Equal Nifty 50 Fund, etc.
2. Mr. Atul Bhole
Mr. Atul Bhole holds a B.Com degree from the Mulund College of Commerce and an MMS degree in Finance from the Jamnalal Bajaj Institute of Management. He is also a Chartered Accountant.
Mr. Bhole began his career as an Equity Research Analyst in the Treasury Department of State Bank of India. He then became the Equity Research Analyst of Tata Asset Management Ltd. in 2007. In 2011, he was appointed as the Fund Manager of Equities in the same company.
Mr. Bhole Joined DSP Mutual Fund as the Vice President of Investments in 2016. He manages an AuM of Rs. 9,892 Crore in 6 schemes like DSP Equity Direct Plan, DSP Equity & Bond, DSP Dynamic Asset Allocation Fund, etc.
3. Mr. Anil Ghelani
Mr. Ghelani is a Chartered Accountant from the Institute of Chartered Accountants of India (ICAI) and a Chartered Financial Analyst (CFA) from the USA.
Mr. Ghelani is currently the Vice President and Portfolio Manager of DSP Investment Managers Pvt. Ltd.
4. Mr. Aditya Khemka
Mr. Khemka holds a M.Sc. degree in Finance and a PGDM degree from the Management Development Institute. He is also a Certified International Investment Analyst (CIIA) from the UK and a Chartered Financial Analyst (CFA).
He initially began his career as a Manager of Treasury at Glenmark Pharmaceuticals back in 2006. In 2008, he joined Nomura Securities as an Associate Equity Research. He became the Assistant Vice President of Antique Stock Broking Ltd. in 2013. A year later, he moved to Ambit Capital as the Assistant Vice President.
Aditya Khemka is the Assistant Vice President of Equity Investments at DSP BlackRock Mutual Fund in India. He manages an AuM of Rs. 201 Crore invested in two schemes - DSP Healthcare Fund – Growth and Dividend.
5. Mr. Laukik Bagwe
Mr. Laukik Bagwe holds a B.Com degree and a PGDBA degree in Finance. He has an extensive experience in debt broking.
He joined Birla Sunlife Securities Ltd. as a Manager of SLR and ONSLR Broking in 2000. In 2007, he moved to Derivium Capital & Securities Pvt. Ltd. as the Head of Fixed Income Trading of SLR and ONSLR Broking.
Mr. Bagwe joined DSP Investment Managers Pvt. Ltd. in 2007 as an Assistant Vice President and Fund Manager. He manages an AuM of Rs. 12,389 Crore invested in 11 schemes like DSP US Flexible Equity, DSP Global Allocation Fund, DSP Short Term, DSP Credit Risk, etc.
6. Mr. Jay Kothari
Mr. Kothari is a BMS in Finance and International Finance and an MBA in Finance from the Mumbai University.
He was initially part of the Priority Banking division at Standard Chartered Bank. Mr. Kothari joined DSP Mutual Fund in 2005 as part of the Sales team. In 2011, he became part of the Investment department.
Jay Kothari is currently the Vice President, Product Strategist and Fund Manager at this firm. He manages schemes like DSP World Mining Fund, DSP Equity Opportunities Fund, DSP World Energy Fund, DSP Natural Resources and New Energy Fund, etc.
Now let us jump and check about these top 10 mutual fund schemes.
Fund Performance: This fund has consistently performed above the benchmark in Sectoral/Thematic segment. It has given a commendable -6.51% annual returns in the last three years. In the previous year, it delivered -24.1% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹269Cr |
| 1Y Returns | -24.1% |
Fund Performance: This fund has consistently performed above the benchmark in Gilt segment. It has given a commendable 10.25% annual returns in the last three years. In the previous year, it delivered 16.7% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Debt mutual funds in India.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹1,036Cr |
| 1Y Returns | 16.7% |
Fund Performance: This fund has consistently performed above the benchmark in Short Term segment. In the previous year, it delivered 10.71% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Debt mutual funds in India.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹1,110Cr |
| 1Y Returns | 10.7% |
Fund Performance: This fund has consistently performed above the benchmark in FoF Domestic segment. It has given a commendable 5.59% annual returns in the last three years. In the previous year, it delivered 3.88% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Others mutual funds in India.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹1,256Cr |
| 1Y Returns | 3.9% |
Fund Performance: This fund has consistently performed above the benchmark in Mid Cap segment. It has given a commendable 0.91% annual returns in the last three years. In the previous year, it delivered -4.28% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹6,488Cr |
| 1Y Returns | -4.3% |
Fund Performance: This fund has consistently performed above the benchmark in Multi Cap segment. It has given a commendable 2.82% annual returns in the last three years. In the previous year, it delivered -8% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹3,151Cr |
| 1Y Returns | -8.0% |
Fund Performance: This fund has consistently performed above the benchmark in ELSS segment. It has given a commendable 1.09% annual returns in the last three years. In the previous year, it delivered -12.25% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹5,407Cr |
| 1Y Returns | -12.3% |
Fund Performance: This fund has consistently performed above the benchmark in Aggressive segment. It has given a commendable 3.37% annual returns in the last three years. In the previous year, it delivered -4% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Hybrid mutual funds in India.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹5,538Cr |
| 1Y Returns | -4.0% |
Fund Performance: This fund has consistently performed above the benchmark in Large Cap segment. In the previous year, it delivered -11.36% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹55Cr |
| 1Y Returns | -11.4% |
Fund Performance: This fund has consistently performed above the benchmark in Thematic segment. In the previous year, it delivered NA returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹217Cr |
| 1Y Returns | NA |
Fund Performance: This fund has consistently performed above the benchmark in Ultra Short Duration segment. It has given a commendable 6.9% annual returns in the last three years. In the previous year, it delivered 7.44% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Debt mutual funds in India.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹2,384Cr |
| 1Y Returns | 7.4% |
Fund Performance: This fund has consistently performed above the benchmark in Large Cap segment. In the previous year, it delivered -15.67% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹58Cr |
| 1Y Returns | -15.7% |
Fund Performance: This fund has consistently performed above the benchmark in Focused segment. It has given a commendable -0.21% annual returns in the last three years. In the previous year, it delivered -13.03% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹1,641Cr |
| 1Y Returns | -13.0% |
Fund Performance: This fund has consistently performed above the benchmark in Gilt 10 Year segment. It has given a commendable 8.55% annual returns in the last three years. In the previous year, it delivered 15.52% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Debt mutual funds in India.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹48Cr |
| 1Y Returns | 15.5% |
Fund Performance: This fund has consistently performed above the benchmark in Large & Mid Cap segment. It has given a commendable 0.19% annual returns in the last three years. In the previous year, it delivered -12.42% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹4,439Cr |
| 1Y Returns | -12.4% |
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