DSP Mutual Fund

An Overview of DSP Mutual Funds

The DSP Asset Management Company is a division of the DSP Group. This organisation has been rooted in financial services for 152 years and is managed by Mr Hemendra Kothari. With a 20-year history of competence in investments, DSP Mutual Fund strives to balance risk and opportunity while offering prominent investment options to its clients. Their experienced fund management staff employs a disciplined investing strategy and cutting-edge analytical techniques to generate the best returns and reduce portfolio risk.

DSP is one of the major AMCs in the Indian investment sector. The organisation’s investment history goes back to the 1860s when it entered the stock-broking industry.

DSP forayed into the investment management sector in alliance with Merrill Lynch. In January 1997, they registered with SEBI and formed DSP Merrill Lynch Asset Management Company. Following BlackRock's acquisition of Merrill Lynch's worldwide asset management division in 2008, the company's name was subsequently changed to DSP BlackRock Investment Managers Ltd.

In 2018, DSP Group acquired BlackRock's 40% ownership interest in the business and changed the company's name to DSP Mutual Fund. As of May 31, 2022, the fund firm had Assets Under Management worth INR 105,895 crore.

Type of DSP Mutual Funds

To cater to a broad customer base with the best investment options, DSP offers three different types of mutual funds. These are Equity, Hybrid, and Debt Mutual Funds.

DSP Equity Mutual Funds

Equity Mutual Funds are the best option for individuals who are prepared to commit to a longer investment horizon. These equity funds under DSP AMC are appropriate for investments, regardless of whether the investor is a newbie in the investing sector or experienced with market changes. They provide ample time for a fund to grow and produce profitable returns.

DSP Hybrid Mutual Funds

The DSP Asset Management Company's Hybrid Mutual Funds prioritise a balanced investment portfolio while allocating the assets, which attempts to produce superior returns. Unlike debt funds, DSP aims to provide higher returns to investors with hybrid mutual funds. This suggests that assets are distributed between equities and debt instruments with the ultimate goal of producing higher returns. This varied allocation aids in lowering the risk correlated with equity funds.

DSP Debt Mutual Funds

Investors who are not willing to incur any risks with their investments might view DSP Asset Management Company's debt mutual funds as the best possible investment instrument. These mutual funds invest a major chunk into debt securities, including corporate bonds, T-Bills or treasury bills, certificates of deposits, and other fixed-interest investment alternatives from various corporations to generate interest income and capital growth.

How To Invest in DSP Mutual Funds?

With the infusion of technology in the investment sector, investing in DSP mutual funds has become easier than ever. You get multiple ways to invest in mutual funds, such as

• Through the official DSP MF portal,
• Via distributor
• Through investment platforms.

To invest on the DSP Mutual Fund website, you must first register and open an account as a newbie. If you already have an account, all you have to do is log in through the credentials.

When you invest through a distributor, you can partially resolve the problem of remembering credentials for numerous AMCs. However, because the distributor receives a commission on the investments, you will have to bear a higher expense ratio. This additional expense ratio eventually reduces your overall returns.

Another mode of investment is through a third-party investment platform. One can invest in plans from DSP Mutual Fund or any other fund firm in a far more straightforward, effective, and efficient manner via such platforms.

You only need to sign up once to begin investing in plans offered by various fund firms. You can select from several DSP Mutual Fund plans through direct investment platforms.

Additionally, you can keep track of your current investment portfolio which further caters to making smarter judgments and investment decisions.

In addition to those mentioned above, you may learn insightful details about the fund's historical performance, consistency of incurred returns, history, expense ratio, and other crucial data.

Documents Required to Invest in DSP Mutual Funds 

To start investing in DSP mutual funds without interruptions, prepare several documents beforehand. Being ready with the required documents will help speed up the process. DSP will require the below-depicted documents to evaluate and approve your application:

Identity Proof Documents: Aadhaar Card, PAN Card, Valid Passport and Driving License.

Address Proof Documents: Aadhar Card, Utility Bills such as Electricity Bill and Phone Bills, Rental/Lease Agreement.

The company will allocate the mutual fund units within five working days.