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Introduction to the Fund

What began as a joint venture between DSP Group and Merillynch and later became DSP Blackrock mutual fund has recently been completely taken over by the DSP Group and will henceforth be called DSP mutual fund. Currently the fund stands at Rs. 95456.957 crore at the end of September 2018. The company has a wide spread presence not only in India but 30 countries around the world.


As wide spread as the company is, it also has various goals for investment and offers mutual fund schemes for different levels of risk-bearing capacity of investors. The schemes fall under 4 broad categories - Equity schemes, Hybrid schemes, Debt schemes, and International Fund of Funds scheme (FoFs).

DSP Equity Fund

DSP Equity Fund is an open-ended equity scheme with a high risk factor aimed at long term capital growth. The fund has a diversified portfolio and offers long term capital gains by capitalizing on multiple large-cap, mid-cap, and small-cap equities.

Fund ClassMulti Cap Fund
Fund TypeOpen Ended
Objective

Long Term Capital Appreciation

Long Term financial goals

Launch date06-Jun-07
Instruments Type

Domestic Equities

Cash and cash equivalents

BenchmarkNIFTY 500 TRI
Minimum InvestmentRs. 500
Entry LoadN/A
Exit Load

1% - For a holding period lesser than 12 months

Nil- For a holding period equal to or greater than 12 months

Risk LevelModerately High

The assets of this fund are distributed among large-cap and mid-cap equities and related instruments. Some other funds may be considered in order to optimize the portfolio.

Fund ClassLarge & Mid Cap Fund
Fund TypeOpen Ended
Objective

Long Term Capital Appreciation

Steady Income

Launch date18-Apr-00
BenchmarkNIFTY 50 - TRI
Minimum InvestmentRs.500
Entry LoadN/A
Exit LoadExit Load 1% if redeemed within 12 months from the date of allotment.
Risk LevelModerately High

The fund under this scheme is invested in equities of the top 100 Indian corporates graded by market capitalization. This is another high risk fund that aims at long term capital appreciation.

Fund ClassEquity Large Cap
Fund TypeOpen Ended
Objective

Long Term Capital Appreciation

Steady Income

Launch date10-Mar-03
BenchmarkS&P BSE 100 TRI
Minimum InvestmentRs.500
Entry LoadN/A
Exit Load

1% - For a holding period lesser than 12 months

Nil - For a holding period equal to or greater than 12 months

Risk LevelModerately High

This is an equity based fund where the assets are invested in diversified equities. The assets comprise of diversified equities including some unlisted ones. The scheme is suitable for investors with a high risk appetite and looking for long term gains.

Fund ClassEquity: Sectorial Infrastructure
Fund TypeOpen Ended
ObjectiveCapital Appreciation
Launch date11-Jun-04
BenchmarkS&P BSE 100 TRI
Minimum InvestmentRs. 500
Entry LoadN/A
Exit Load

1% - For a holding period lesser than 12 months

Nil - For a holding period equal to or greater than 12 months

Risk LevelHigh

As the name suggests, the fund is invested in midcap equities. The fund provides a regular income albeit moderate with options for long term gains.

Fund ClassMid Cap Fund
Fund TypeOpen Ended
ObjectiveLong Term Capital Appreciation
Launch date29-Sep-06
BenchmarkNIFTY MIDCAP 100
Minimum InvestmentRs. 500
Entry LoadN/A
Exit Load

1% - For a holding period lesser than 12 months

Nil - For a holding period equal to or greater than 12 months

Risk LevelModerately High

Investing solely in small cap equities, the current asset size as at the end of September, 2018 was 4496 Cr. The objective is to generate long term capital appreciation.

Fund ClassSmall Cap Fund
Fund TypeOpen Ended
ObjectiveLong Term Capital Appreciation
Launch date04-May-07
BenchmarkS&P BSE Small-Cap
Minimum InvestmentRs. 500
Entry LoadN/A
Exit Load

1% - For a holding period lesser than 12 months

Nil - For a holding period equal to or greater than 12 months

Risk LevelModerately High

Once again the name describes the fund. The scheme offers deduction under section 80C of the Income Tax Act. The assets are invested in equities and there is a lock-in period of 3 years before you can redeem your investment.

Fund ClassEquity Linked Saving Scheme
Fund TypeOpen Ended
ObjectiveGenerate Medium to Long Term Capital Appreciation
Launch date27-Nov-06
BenchmarkNIFTY 500 TRI
Minimum InvestmentRs. 500
Entry LoadN/A
Exit LoadN/A
Risk LevelModerately High

Another equity related fund with the objective of providing long term capital gains to investors. The assets are invested in top 30 large-cap equities graded by market capitalization. Some debt instruments and market securities are also held for ensuring liquidity. However, the main objective is to provide long-term appreciation of the fund by investing in equities.

Fund ClassLarge Cap
Fund TypeOpen Ended
ObjectiveTo increase asset value
Launch date21-May-10
BenchmarkS&P BSE 200
Minimum InvestmentRs. 500
Entry LoadN/A
Exit Load

1% - For a holding period lesser than 12 months

Nil - For a holding period equal to or greater than 12 months

Risk LevelModerately High

The fund provides long- term investment opportunities through investment in equity and equity related securities. The fund target the companies that undertake activities related to production of energy and energy technology. Emphasis is laid on renewable energy sector and onsite power generation.

Fund ClassSectoral Fund
Fund TypeOpen Ended
ObjectiveLong Term Capital Appreciation
Launch date31-Mar-08
BenchmarkS&P BSE Oil & Gas
Minimum InvestmentRs. 500
Entry LoadN/A
Exit Load

1% - For a holding period lesser than 12 months

Nil - For a holding period equal to or greater than 12 months

Risk LevelHigh

The fund aims to generate long term capital growth through investments in equity and equity-linked instruments while also capitalizing in debt and money market securities. The derivative strategies and arbitrage method are also used in order to attain the investment objective.

Fund ClassEquity Savings
Fund TypeOpen Ended
ObjectiveLong Term Capital Appreciation
Launch date22-Mar-16
BenchmarkCRISIL Composite Bond Fund
Minimum InvestmentRs. 500
Entry LoadN/A
Exit Load1% - In case the redeemed/switched-out units are more than 10% of the units bought/switched-in before 12 months from the allotment date.
Risk LevelModerately High

If you are a first-time investor, visit the official website of the fund manager and create an account using your email id. Add in your details and you will be asked to submit some documents listed below. Once you have done this, you can begin investing directly with the fund.

Alternatively you can invest in the fund through a broker or an agent.

Whatever method you adopt, you will be required to submit some documents.

Documents required for investing in DSP Mutual Fund

KYC Documents – It is mandatory to submit this form supported by copies of various documents.

Identification Proof – Copy of any one of the following may be submitted as proof of identity -

  • Passport
  • Voter's ID
  • Driving License
  • Aadhaar card

Residence Proof – You may submit any one of the following documents as proof of residence -

  • Passport
  • Aadhaar card
  • Ration Card
  • Electricity bill
  • Telephone bill
  • Gas bill
  • Bank Passbook
  • Bank account statement
  • Insurance copy
  • Flat maintenance bill
  • Registered sale deed
  • Lease agreement of residence

PAN card – Submitting a copy of your PAN card is mandatory.


1. Can I apply on behalf of minor and what are the details that I need to provide?

Yes, an investor may apply for mutual fund on behalf of a minor. You will have to state your relationship with the minor, provide your own KYC details and appoint a guardian who can transact on behalf of the minor. You may appoint yourself as the guardian if you wish.

2. Does DSP have any special program for women investors?

DSP provides complimentary financial counseling for women. The advisors will guide the women through the entire investment process so as to gain optimal returns on investment. They will help the investor assess her risk appetite, evaluate her properties and allocate them prudently to gain high returns.

3. How to redeem the units of the funds?

In order to redeem the mutual fund units, fill out the transaction slip – attached to every physical copy of the transaction statement. The slip may also be obtained from the office of the fund manager or at the OPA (Official Point of Acceptance. Submit the duly filled out slip to the OPA and once redeemed the funds will be deposited into your bank account.

4. How often can I receive dividends on my investment?

Dividends are declared either quarterly, bi-annually, or annually by the asset managers. If you have invested in a growth fund, the dividend will be re-invested into the scheme. If you have opted for a dividend payout the dividend will be credited to your bank account within 30 days of declaration.

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