DSP Mutual Fund
DSP Mutual Fund stands as one of India's prominent Asset Management Companies (AMCs). Since its establishment, this fund house has experienced significant growth, evolving into a premier player in the Indian asset management landscape. The DSP family's involvement in investments dates back to the 1860s when they initiated their journey in the stock-broking business. Subsequently, they entered investment management through a joint venture with Merrill Lynch, establishing DSP Merrill Lynch Asset Management Company, which was registered with SEBI in January 1997. Following BlackRock's acquisition of Merrill Lynch's global asset management business, the company underwent a name change to DSP BlackRock Investment Managers Ltd. in 2008.
In 2018, DSP Group acquired BlackRock's 40% stake, leading to the current name, DSP Mutual Fund. As of December 2023, the fund house is in charge of Assets Under Management (AUM) averaging Rs. 1.36 lakh crores.
DSP Mutual Fund snapshot
Inception date | December 16, 1996 |
Sponsor (s) | DSP HMK Holdings Pvt. Ltd & DSP Adiko Holdings Pvt. Ltd |
Chief Executive Officer | Mr. Kalpen Parekh |
Chief Investment Officer | Mr. Vinit Sambre (Head – Equities) & Mr. Amit Ghelani (Head – Passive Investments) |
No. of Schemes | 50 |
Average AUM (Rs. in Crores) | 152558.22 |
As on February 2024
How to invest in DSP Mutual Fund
Take the modern-day digital investing route with the Kotak Neo app. It is a robust investment platform through which you can invest in different fund houses and assets under one roof. To invest in a mutual fund through Kotak Neo, you need to:
- Login with your credentials (mobile number/PAN/QR code)
- Click on Invest and select ‘Mutual Funds’ from other investments
- Select the fund of your choice and begin investing
Kotak Securities Limited: AMFI-registered Mutual Fund Distributor
