DSP Investment Managers Private Limited Mutual Funds Investments

About DSP Mutual Fund

DSP mutual fund is a joint venture between a 150-year old Indian financial firm DSP and Blackrock, an American Investment firm. DSP group is one of the oldest and most reputed financial services firms in India, headed by Mr. Hemendra Kothari.

About DSP

DSP started its business with stockbroking in 1860. The family set up The Native Share & Stock Brokers Association', later renamed to 'Bombay Stock Exchange.' It was India's first stock exchange. For the next 100 years, the firm was in the stockbroking business. In 1975, the 4th generation in the family, Mr. Hemendra Kothari, ventured into merchant (investment) banking and established the company DSP Financial Consultants Limited (DSPFC). In the next ten years, DSPFC tied up with Dresdner Bank, AG, Merrill Lynch, Banque Française du Commerce Extérieur (BFCE), and Swiss Bank Corporation to expand its business.

DSPFC became the reason for the Indian fund in the international market launched by Merrill Lynch. It also led to India's first public issue of bonds for IDBI bank in the German Capital Market. It advised Merrill Lynch on the arrangement of a Revolving Underwriting facility and India's first Euro-Commercial paper program for State Bank of India. The company was also involved in raising funds for ONGC in the Japanese market.

In 1996, DSP offered Merrill Lynch a 29.41% stake with scope to increase it to 40% for a banking partnership called DSP Merrill Lynch Ltd. (DSPML). In 1997 DSP Merrill Lynch Asset management launched its first domestic equity and its first domestic debt mutual fund schemes.

In 2006, BlackRock, a USA based multinational investment management firm founded in 1988, purchased Merrill Lynch's investment management business (MLIM) around the world. It eventually led to the formation of DSP BlackRock Investment Managers in 2008.

In 2018, DSP purchased back its 40% share from DSP BlackRock Investment Managers. The company was renamed to DSP Investment Managers. Also, DSP BlackRock Mutual Fund was renamed to DSP Mutual Fund.

DSP Mutual Fund

DSP Mutual Fund, a premier mutual fund in India, is present in 38 cities in India with lakhs of investors from all over the country. It has 34 open-ended mutual funds managing assets worth INR  77,212.54 crore (Dec-31-2019). They have successfully managed some of the best DSP BlackRock mutual fund schemes. They are committed to delivering long term investment excellence to their customers' portfolios. Their beliefs and values are anchored across the following four key pillars:

• Fiduciary duty towards their clients
• Passionate about work
• Innovators
• Teamwork

A few of their featured funds are DSP US Flexible Equity Fund, DSP Tax Saver Fund, DSP Equity and Bond Fund (hybrid fund), DSP Small Cap Fund, and DSP India T.I.G.E.R. Fund.

How to Invest in DSP Mutual Funds via Scripbox?

Scripbox has made mutual fund investment extremely easy. Mutual fund investment can be done at the tip of your fingers. One can invest in mutual funds through Scripbox by following the steps below:

Step 1 – Visit Scripbox Website and Start your Investment Journey

On the Scripbox website's homepage, click on the button, "Let's get started." A list of investment options based on life goals will be displayed.

For investing in mutual funds, one can choose any of the alternatives that are close to their financial goals.

Click on the “Continue” button to carry on with the mutual fund investment.

Step 2 – Signup and Create an Account

In this step, one has to create an account with Scripbox. Upon signing in, the investment details will be displayed.

Here Scripbox allows investors to select the payment option. One can select "Every month SIP" or "One-time" payment options depending on their cash flow.

Click on the "See Recommended Funds" button to proceed for investment.

Step 3 – Check the Plan and Fund Allocation

In this step, the investor can see the list of mutual fund schemes and the allocated investment amount for each of the plans.

The investor can change the mutual fund or investment amount by clicking the "I want to change Funds/ Amount" button.

Click on the "Next" button to make payment.

Step 4 – Bank Details and Money Transfer

In the last step, the investor is supposed to enter the bank account and PAN details. The investor need not worry about security. Scripbox provides a secure environment, and a bank account will be used for investing and crediting the redemption proceeds only.

KYC Required to Invest in DSP Mutual Fund via Scripbox

KYC is an acronym for "Know Your Customer." It helps in identifying a client. SEBI prescribes the requirements for KYC. An investor must be KYC compliant to invest in SEBI registered mutual funds. A KYC form will include identity information, address, financial status, occupation, and demographic data of the investor.

Scripbox can help an investor with the KYC. The following KYC documents are needed by Resident Indians and PIO residing in India:

• Address proof (Aadhar Card (Both Front & Back)/Driving License/Passport/Voter ID Card)
• Pan Card
• Photograph
• Video Selfie: Record a video for 5 seconds facing the camera.
• KYC Authorisation Letter. (Please write on a while plain sheet of paper that "I authorize Scripbox to do my mutual fund KYC" & sign below it)

A clear color scanned copy of the KYC documents can be uploaded during the registration itself. Or. They could share your KYC documents at help@scripbox.com or Whatsapp it to us on +91-8884448026.

Top DSP Mutual Funds

Below are the DSP top featured funds.

Scheme	Category	AUM in Cr (As on 31st May 2020)
DSP US Flexible Equity Fund (G)	Equity: International	Rs 171 Cr
DSP Top 100 Equity Fund (G)	Equity: Large Cap	Rs 2,042 Cr
DSP Equity Opportunities Fund (G)	Equity: Large & Mid Cap	Rs 4,343 Cr
DSP Liquidity Fund (G)	Debt: Liquid	Rs 10,575 Cr
DSP Short Term Fund (G)	Debt: Short Duration	Rs 3,274 Cr

 

Top DSP Equity Funds

Below are the top performing DSP equity mutual funds in India.

Scheme	Category	AUM in Cr (As on 31st May 2020)
DSP Equity Fund (G)	Equity: Multi Cap	Rs 3,110 Cr
DSP Equity Opportunities Fund (G)	Equity: Large & Mid Cap	Rs 4,343 Cr
DSP Focus fund (G)	Equity: Multi Cap	Rs 1,607 Cr
DSP Midcap Fund (G)	Equity:  Mid Cap	Rs 6,498 Cr
DSP Small Cap Fund (G)	Equity: Small Cap	Rs 3,891 Cr
DSP Top 100 Equity Fund (G)	Equity: Large Cap	Rs 2,042 Cr

 

Top DSP Debt Funds

Below are the top performing DSP Debt mutual funds in India.

Scheme	Category	AUM in Cr (As on 31st May 2020)
DSP Banking & PSU Debt Fund (G)	Debt: Banking and PSU	Rs 2,881 Cr
DSP Liquidity Fund (G)	Debt: Liquid	Rs 10,575 Cr
DSP Low Duration Fund (G)	Debt: Low Duration	Rs 2,512 Cr
DSP Savings Fund (G)	Debt: Money Market	Rs 1,586 Cr
DSP Short Term Fund (G)	Debt: Short Duration	Rs 3,274 Cr
DSP Ultra Short Fund (G)	Debt: Ultra Short Duration	Rs 2,625 Cr

 

Top DSP Tax Saver Funds

Below is the top performing DSP ELSS fund (tax savings fund). 

Scheme	Category	AUM in Cr (As on 31st May 2020)
DSP Tax Saver Fund (G)	Equity: ELSS	Rs 5,359 Cr

 

Top Fund Managers

Top Equity Fund Managers

Mr. Vinit Sambre

Mr. Sambre joined DSP Mutual Fund in 2007 and is currently Head of Equities. He has over 16 years of experience and specializes in small and mid cap space. Previously, he was working with DSP Merrill Lynch, IL&FS Investsmart Limited, and UTI Investment Advisory Services. He is a Chartered Accountant from Institute of Chartered Accountant of India. Mr. Sambre has been managing the DSP Micro Cap fund since 2010. He is also the fund manager of the DSP Midcap Fund, DSP Small Cap Fund, and DSP Healthcare Fund.

Mr. Aditya Khemka

Mr. Khemka joined DSP Mutual Fund in 2015 and is currently the Fund Manager. He worked in multiple countries in the pharmaceutical sector and is now covering the Indian Healthcare sector. Mr. Khemka holds an MSc. Degree in Finance, PGDM degree from MDI Gurgaon and CIIA from the U.K. He is also CFA from ICFAI. He currently manages the DSP Healthcare Fund.

Mr. Anil Ghelani

Mr. Ghelani joined DSP Blackrock Mutual Fund in 2003 and is currently the Head of Passive Investments & Products and Fund Manager. He held multiple positions at DSP MF. Before joining DSP, he was working with IL&FS Asset Management Company, S.R. Batliboi. He is currently serving in a volunteer capacity as a Director and Vice-Chairman of the CFA Society India. Mr. Ghelani is a CFA Charter Holder (USA), Chartered Accountant (ICAI, India), and a Commerce Degree graduate from the University of Mumbai. He currently manages five funds at DSP mutual fund.

Mr. Atul Bhole

Mr. Bhole joined DSP MF in 2016 and has over ten years of industry experience. Before joining DSP, he was with Tata Asset Management Ltd., and he managed multiple top funds at Tata. Before Tata, he worked with JP Morgan Services (India) Pvt. Ltd. and State Bank of India. Mr. Bhole holds a Masters in Management Studies degree from Jamnalal Bajaj Institute of Management Studies and is a Chartered Accountant. He currently manages the DSP Equity Fund and is a co-fund manager for DSP Dynamic Asset Allocation Fund and DSP Equity & Bond Fund (hybrid fund).

Mr. Gopal Agarwal

Mr. Agarwal joined the DSP Mutual fund in 2018 and is currently the Head of Macro Strategy & Senior Fund Manager in Equity Investment Team. He has over 20 years of experience. He has extensive experience in sectors like Capital Goods, Oil & Gas, Petrochemicals, Power, Shipping, Metal, Engineering, and Chemicals & Fertilizers. Mr. Agarwal was previously associated with Tata Mutual Fund, Mirae Asset Mutual Fund, and SBI Mutual Fund. He currently manages the DSP Regular Savings Fund, DSP Equity Savings Fund, DSP Top 100 Equity Fund, and DSP Focus Fund.

Mr. Jay Kothari

Mr. Kothari joined DSP Blackrock Mutual Fund in 2005 and is currently the Vice President, Product Strategist, and Fund Manager. His prior association was with Standard Chartered Bank. He holds a Bachelor of Management Studies degree in Finance and International Finance and an MBA in Finance from Mumbai University. Mr. Kothari is currently the Dedicated Fund Manager for overseas investments for DSP Mutual Funds. He currently manages the following funds at the fund house. They are DSP US Flexible Equity Fund, DSP World Agriculture Fund, DSP World Energy Fund, DSP World Mining Fund, DSP Global Allocation Fund, and DSP World Gold Fund

Mr. M. Suryanarayanan

Mr. Suryanarayanan joined DSP Mutual Fund in 2011 and is currently the Vice President, Analyst, and Fund Manager – Equity Investments. Before joining DSP MF, he worked with Anand Rathi Financial Services Ltd. Mr. Suryanarayanan is a Mechanical Engineer and holds a PGP degree from IIM Ahmedabad. He is also a CFA charter holder. He currently manages five funds at the fund house.

Mr. Resham Jain

Mr. Jain joined DSP Blackrock Mutual Fund in 2016 as Vice President – Equity Income. He has over nine years of industry experience. His previous associations were with B&K Securities (I) Private Limited, Jaihind Projects Ltd., and Arvind Ltd. He currently manages the DSP Small Cap Fund and DSP Midcap Fund.

Mr. Rohit Singhania

Mr. Singhania joined DSP MF in 2005 and is currently the Co-Head of Equities. As a research analyst, he focused on sectors like Auto, Auto Ancillaries, Infrastructure, Metals, Hotels, and Sugar. Before joining DSP MF, he worked with HDFC Securities Limited. He is currently the fund manager for three funds and a co-fund manager of one fund. 

Top Debt Fund Managers

Mr. Saurabh Bhatia

Mr. Bhatia joined DSP mutual fund in 2017 and is currently the Head - Fixed Income and Fund Manager. He has more than 16 years of experience in Fixed Income. Previously worked with ICICI Bank Ltd., HSBC Asset Management, Sahara India Financial Corporation Ltd, Tower Capital and Securities Pvt. Ltd., and Chandrakala Money and Capital Management Ltd.  He currently manages some of the following funds. They are DSP Credit Risk Fund,  DSP Bond Fund, DSP Dynamic Asset Allocation Fund, DSP Government Securities Fund, DSP Equity Savings Fund, DSP Corporate Bond Fund.

Mr. Kedar Karnik

Mr. Karnik has over ten years of investment experience. Before joining the AMC, he worked with Axis Asset Management, HSBC Asset Management, and CRISIL. Mr. Karnik holds a Masters in Management Studies degree from Jamnalal Bajaj Institute of Management Studies. He is the fund manager for DSP Overnight Fund and co-fund manager for seven funds.

Mr. Laukik Bagwe

Mr. Bagwe joined DSP MF in 2007 and is currently the Fund Manager – Fixed Income Investment. Before joining DSP MF, he was associated with Derivium Capital & Securities Pvt. Ltd., and Birla Sunlife Securities Ltd. He has over 11 years of experience in debt broking. He currently manages the following funds. They are DSP Credit Risk Fund, DSP US Flexible Equity Fund, DSP Global Allocation Fund, DSP 3 Years Close Ended Equity Fund, DSP Short Term Fund, and DSP Low Duration Fund.

Mr. Rahul Vekaria

Mr. Vekaria joined DSP Blackrock Mutual Fund in 2017 as Vice President - Fixed Income. He has over seven years of experience in the fixed income industry. His previous jobs were with Axis Asset Management Company and PriceWaterhouseCoopers. He currently is the fund manager of six funds. 

Mr. Vikram Chopra

Mr. Chopra has over 14 years of investment experience. Before joining DSP Mutual Fund, he was working with L&T Investment Management, Fidelity, IDBI Bank, and Axis Bank Ltd. He is the fund manager of the DSP Corporate Bond Fund and co-fund manager of the DSP government securities fund.

Mr. Vivek Ved

Mr. Ved has been associated with DSP Mutual Fund since the start in 1997. He became part of the Fixed Income Investment team in 2006 as Assistant Vice President. Mr. Ved has about four years of work experience with the fixed-income trading desk. He is currently the co-fund manager of the DSP 10Y G-Sec Fund. 

 Key Information about DSP Asset Management Company

Mutual fund	DSP Mutual Fund
Asset management company	DSP Investment Managers Pvt. Ltd.
Founded	16 December 1996
Incorporated	13 May 1996
Sponsor	DSP HMK Holdings Pvt. Ltd.DSP Adiko Holdings Pvt. Ltd.Ms. Aditi Kothari DesaiMs. 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
AUM	INR  77,212.54 crore (Dec-31-2019)

 

DSP Asset Management Company Contact Details

Auditors	M/s. S. R. Batliboi & Co. LLP
Custodians	Citibank N.A.
Registrars	NA
Address	Mafatlal Centre, 10th Floor, Nariman Point Mumbai 400021
Telephone No.	022-66578000
Fax No.	022-66578181
E-mail	service@dspblackrock.com
Website	https://www.dspim.com/