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Overview: DSP Mutual Fund
DSP Asset Management Company is part of 152-year old financial services firm called DSP Group, headed by Mr. Hemendra Kothari. It has a legacy of investment excellence for the past 20 years. DSP mutual fund provides one of the best investment solutions to its customers, constantly trying to strike a balance between risk and opportunity.
Their professional fund management team uses a disciplined investment approach and advanced analytical tools to deliver optimum returns and minimize portfolio risk.
Table of Content:
Different Mutual Funds under DSP Asset Management Company
Earlier, DSP Mutual Fund was a joint venture of DSP Group and Blackrock Investment Firm. But in 2018, BlackRock Inc. sold its 40% stake, making DSP Mutual Fund a wholly owned subsidiary of DSP group.
Given below are the best Equity, Hybrid and Debt Mutual Funds offered by DSP AMC:
DSP Equity Mutual Funds
The Equity Mutual Funds under DSP AMC are best for investors who are willing to invest for a longer period of time. Whether it is for a new investor or an investor who is well-versed with market fluctuations, these equity funds are suitable for investments as they give enough time for a fund to flourish and give benefiting returns.
Some of the popular DSP Equity Mutual Funds are:
| Fund Name | 3 Year (%) | 5 Year (%) | NAV | Fund Size (Cr) |
| DSP Midcap Fund | 6.47 | 12.74 | 56.06 | 6320.35 |
| DSP Tax Saver Fund | 9.41 | 12.52 | 51.49 | 5642.77 |
| DSP Equity Opportunities Fund | 8.72 | 12.29 | 55.84 | 5720.56 |
| DSP Small Cap Fund | -1.87 | 10.03 | 51.43 | 5272.86 |
| DSP T.I.G.E.R Fund | – | – | – | – |
DSP Hybrid Mutual Funds
The Hybrid Mutual Funds from DSP Asset Management Company aims to provide higher returns than the debt funds as they prioritize a balanced portfolio while allocating the assets. This implies that assets are allocated into equity as well as debt securities with an ultimate motive of generating better returns. This diverse allocation helps to reduce the risk which is otherwise associated with Equity funds.
Best DSP Hybrid Mutual Funds are:
| Fund Name | 3 Year (%) | 5 Year (%) | NAV | Fund Size (Cr) |
| DSP Equity & Bond Fund | 6.42 | 10.19 | 148.44 | 6360.93 |
| DSP Dynamic Asset Allocation Fund | 7.34 | 8.72 | 16.72 | 884.37 |
| DSP Equity Savings Fund | 6.27 | NA | 13.4 | 1273.67 |
| DSP Regular Savings Fund | 4.24 | NA | 12.3 | 1273.67 |
DSP Debt Mutual Funds
DSP Asset Management Company displays its Debt Mutual Funds for investors who are not willing to take any risks for their investments. By investing majorly into the debt securities such as Corporate Bonds, Treasury Bills, Certificate of Deposits and other fixed-interest instruments of different companies, these Mutual Funds aims to earn interest income and capital appreciation.
Here are the top DSP Debt Mutual Funds:
| Fund Name | 3 Year (%) | 5 Year (%) | NAV | Fund Size (Cr) |
| DSP Government Securities Fund | 8.36 | 10.14 | 66.78 | 439.92 |
| DSP Strategic Bond Fund | 6.7 | 8.84 | 2376.44 | 875.04 |
| DSP Banking & PSU Debt Fund | 7.5 | 8.69 | 16.94 | 1763.08 |
| DSP Short Term Fund | 7.55 | 8.58 | 34.64 | 2611.8 |
| DSP Ultra Short Fund | 6.96 | 7.6 | 2648.81 | 3902.42 |
Also Read: What are Debt Funds? -Best Debt Mutual Funds for 2019
How to Invest in Mutual Funds via Paisabazaar.com?
Step 1: On Paisabazaar.com, Select the ‘Mutual Fund’ option
Step 2: If you are a registered user, login onto the platform using your mobile number and password/OTP. Or create a new account
Step 3: Choose ‘Invest’ > ‘Explore All Funds’ on the left side bar
Step 4: Select the DSP Mutual Fund of your choice. Now, all the details of the fund including NAV, risk level, etc. will appear
Step 5: Enter the amount you wish to invest, select the investment type – SIP or Lumpsum, and click on the ‘Confirm & add to cart’ option
Step 6: You can complete the payment using net banking of major Indian banks
The mutual fund units will be allotted to you within 5 working days. If you’re not KYC Compliant, you will need to complete your KYC before investing in mutual fund schemes.
How to Complete Your KYC to invest in DSP Mutual Funds?
KYC (Know Your Customer) is a one-time customer identification process and a mandatory compliance requirement for investors who wish to invest in mutual funds. It has been made compulsory by the capital markets regulator SEBI (Securities and Exchange Board of India) for mutual fund investments in order to curb fraudulent activities.
If you’re a first time customer, you need to get your KYC Check before investing in Mutual Funds.
The KYC Process can be initiated and completed with any of the following SEBI-registered intermediaries:
- The Fund House (Asset Management Company)
- KYC Registration Agency (KRA) such as CAMS, Karvy, CSDL (Central Depository Services Limited) Ventures, NSDL (National Securities Depository Limited) and NSE-owned (National Stock Exchange) DotEx International Limited
To complete your Mutual Fund eKYC online, follow these steps, and you’ll be good to go:
Step 1: Visit the website of DSP Mutual Fund or any of the above-mentioned KRA’s website and create an investor account by filling in your personal details and your Aadhaar-linked mobile number so that you can verify the account using that OTP.
Step 2: Upload self-attested copies of your Identity Proof and Address Proof.
That’s all. Your eKYC process is done!
Also Check: DSP Mutual Fund Lowers Minimum Investment Amount to Rs 500
Documents Required for DSP Mutual Fund Investment
Here is a list of official documents required to validate the identity and address of an investor:
1. Identity Proof
- Aadhaar Card
- PAN Card
- Passport
- Driving License
2. Address Proof
- Aadhar Card
- Driving License
- Passport
- Recent Utility Bill
- Rental/Lease Agreement
The mutual fund units will be allotted to you within 5 working days.
Suggested Read: DSP Mutual Fund Files Papers with SEBI for Nifty 50 Index Fun
Fund Managers of DSP Asset Management Company
The AMC has equipped highly professional fund managers to make sure that the portfolio for each fund is skillfully maintained. Mentioned below are some of the fund managers under DSP:
Aditya Khemka
Aditya is working with DSP since 2015 and has an experience of working in different countries such as the US, EU, Latin America, India. He is an MSc. (Finance), PGDM (MDI, Gurgaon), CIIA (UK) and a CFA (ICFAI). He has been working with renowned organisations like Glenmark Pharma, Lehman Brothers (US) and many other MNCs. He is managing the DSP Healthcare Fund since 2018 and his strategies are positively working for the betterment of the AMC.
Anil Ghelani
Anil Ghelani is the head of Passive Investments & Products in the DSP group. In the same organisation, he has served as a Business Head & Chief Investment Officer (DSP Pension Fund Managers) and the leader of Risk & Quantitative Analysis team. He is monitoring the portfolio risk of some of the best funds such as- DSP Quant Fund, DSP Equal Nifty 50 Fund, DSP Nifty 50 Index Fund and DSP Nifty Next 50 Index Fund. Anil holds a Bachelor Degree in Commerce (University of Mumbai) and is a CFA Charter Holder (CFA Institute USA), Chartered Accountant (ICAI India).
Atul Bhole
With more than 10 years of experience in the finance industry, Atul Bhole is working as the Vice President-Investments in DSP AMC. He has worked with TATA Asset Management Company where he managed & monitored Tata Balanced Fund, Tata Midcap Growth Fund, Tata Equity P/E Fund along with several other funds. In DSP, he is working on DSP Dynamic Asset Allocation Fund, DSP Equity Fund and DSP Equity & Bond Fund. He has done his Masters in Management Studies and completed his CA.
Gopal Agarwal
Gopal is the Senior Fund Manager at DSP Asset Management Company. He has professional experience of more than 20 years. He has worked with top AMCs throughout his career- TATA Mutual Funds (Chief Investment Officer), Mirae Asset Mutual Fund (CIO and strategist), SBI Mutual Fund (Fund Manager). Gopal has an impressive command over the functioning of sectors like Oil & Gas, Petrochemicals, Capital Goods, Power, Metals etc.
Also Read: DSP A.C.E. Fund – Series 1 – Direct Plan
Frequently Asked Questions
Q. What is an Asset Management Company (AMC)?
A. AMC is an organisation which manages the pooled funds from numerous investors and invests them in various financial securities to generate returns.
Q. What is Net Asset Value (NAV)?
A. Net Asset Value measures the performance of an individual mutual fund scheme of an AMC. In essence, it is the market valuation of the securities the fund has invested in. So, the NAV per unit is derived from dividing the total market value of all the invested securities by total number of units issued. Since, the number of unit holders and valuation of securities change everyday, the NAV of a mutual fund also changes accordingly.
Q. What is Expense Ratio?
A. Expense Ratio refers to a small amount of fee charged by Asset Management Companies annually to manage investors’ assets. It covers the operating and managing cost incurred by the AMC. It is a percentage of the total assets invested by the investor.
Q. What is Entry Load?
A. When an investor purchases units of a mutual fund scheme for the first time, s/he is charged a small amount of processing fee by the Asset Management Company which is known as an Entry Load.
Q. What is Exit Load?
A. When investors redeem their investment from a mutual fund scheme, s/he is charged a small amount of processing fee which is known as an Exit Load. It is also charged when investors choose to switch between different mutual fund schemes of a specific AMC.