Dsp Blackrock Mutual Fund: A Guide To Investing

DSP Mutual Fund is one of India's leading asset management companies, offering a wide range of mutual fund schemes across equity, debt, and hybrid categories, as well as international funds, exchange-traded funds, and close-ended funds. The company is committed to putting its clients' interests first and securing their wealth. With over 20 years of experience in the industry, DSP has a proven track record of investment excellence, focusing on delivering high performance.

Investing in DSP Mutual Fund is a simple process and can be done online by following a few easy steps.

How to invest in DSP Mutual Fund online

DSP Mutual Fund is a well-known asset management company in India, with a long history in the financial sector. The DSP family first ventured into the stock-broking business in the 1860s and has since grown to become one of the premier asset management companies in the country.

Step 1: Register and Create an Account

You can register and create an account on the DSP Mutual Fund website or through a third-party platform like ET Money or Groww. The account setup is described as "lightning fast" on the DSP website, taking less than 2 minutes with no forms to fill out and no PIN requests. All you need is your PAN (Personal Account Number) card and date of birth. You can also verify your folio or bank account number.

Step 2: Upload Documents

For identity verification, you will need to upload proof of identity documents. These can include a Driving License, Voter ID, PAN card, Aadhaar card, Passport, or any other valid identity card issued by the Central or State Government.

Additionally, you will need to provide proof of address, which can be any of the identity proof documents that include your permanent address.

Step 3: Select Investment Period and Risk Preference

Decide on the period of your investment and choose your preferred risk level—low, mid, or high.

Step 4: Choose a DSP Mutual Fund Scheme

DSP offers a wide range of mutual fund schemes across equity, debt, and hybrid categories, as well as international funds of funds, exchange-traded funds, and close-ended funds. Some of their featured funds include:

• DSP US Flexible Equity Fund
• DSP Tax Saver Fund
• DSP Equity and Bond Fund (hybrid fund)
• DSP Small Cap Fund
• DSP India T.I.G.E.R. Fund

Step 5: Choose Investment Type

You can choose to invest a lump sum amount or start a Systematic Investment Plan (SIP).

Step 6: Provide Additional Information

You may be required to provide additional information, such as your full name, mobile number, and bank account details.

Step 7: KYC Verification

Know Your Client (KYC) verification is a mandatory process for investing in mutual funds in India. It typically involves submitting proof of address and identity. This can be done by uploading photos of your identity and address proofs. On the DSP website, this includes a selfie and a live video for authentication. The verification process usually takes about 3-5 working days and is carried out by government-certified agencies.

Once your KYC documents are verified, your transaction will be processed, and your investment in the chosen DSP Mutual Fund will be completed.

Investing in DSP Mutual Fund online offers a convenient and efficient way to access a wide range of investment options and manage your portfolio.

The minimum investment amount

DSP Mutual Fund is an investment management firm in India that offers a wide range of mutual fund schemes across equity, debt, and hybrid categories. The company has a commitment to cater to their clients' interests and secure their wealth.

For Systematic Investment Plans (SIPs), the minimum investment amount is also fund-specific. For the DSP Tax Saver Fund and the DSP ELSS Tax Saver Fund, the minimum SIP amount is ₹500. The DSP Nifty Next 50 Index Fund and the DSP Nifty 50 Equal Weight Index Fund maintain the ₹100 minimum for SIPs as well.

The DSPMF app is a useful tool for investors, offering a tailored dashboard to monitor and manage portfolios, as well as providing insights into asset allocation, returns, and recommendations.

The types of schemes available

DSP Mutual Fund offers a wide range of investment schemes across equity, debt, and hybrid categories, along with international funds of funds, exchange-traded funds, and close-ended funds. The company has a commitment to cater to its clients' interests and secure their wealth. Here is a detailed overview of the types of schemes available:

Equity Funds

Equity funds are a type of mutual fund that invests primarily in stocks or shares of companies. These funds offer the potential for higher returns but may also come with higher risks. DSP offers a range of equity funds, including the DSP Equity Opportunities Fund, DSP Top 100 Equity Fund, and sector-specific funds like the DSP Healthcare Fund and DSP World Energy Fund.

Debt Funds

Debt funds invest in fixed-income securities such as bonds, government securities, and corporate debt. These funds typically offer stable returns with lower risk compared to equity funds. DSP provides various debt fund options, such as the DSP Government Securities Fund, DSP Gilt Fund, and DSP Overnight Fund.

Hybrid Funds

Hybrid funds, as the name suggests, invest in a combination of equity and debt instruments. These funds aim to provide a balance between the potential returns of equity and the stability of debt. DSP offers hybrid funds like the DSP Equity & Bond Fund and DSP Regular Savings Fund.

International Funds (Fund of Funds)

International funds, or funds of funds, invest in a portfolio of other mutual funds that focus on international markets. These funds provide investors with exposure to global investment opportunities. DSP offers international funds like the DSP US Flexible Equity Fund of Fund and the DSP World Gold Fund of Fund.

Exchange-Traded Funds (ETFs)

ETFs are baskets of securities that trade on an exchange like a stock. They offer investors the diversification of a mutual fund with the flexibility of trading throughout the day. DSP has a range of ETFs, including the DSP Nifty 50 Equal Weight ETF and DSP Nifty Midcap 150 Quality 50 ETF.

Close-ended Funds

Close-ended funds have a fixed number of shares that are traded on stock exchanges. These funds have a specific investment objective and tenure. DSP offers close-ended funds like the DSP FMP Series, which are fixed maturity plans with a defined maturity date.

Each scheme has its own investment objectives, risk profile, and potential returns. Investors can choose the schemes that align with their financial goals, risk appetite, and investment horizon. It is important to carefully consider these factors and read the scheme-related documents before investing.

How to monitor and manage your portfolio

Once you have invested in a DSP BlackRock mutual fund, you can monitor and manage your portfolio using the DSPMF app. The app offers a range of features to help you with this:

• A tailored dashboard: This allows you to monitor your portfolio by providing insights into your asset allocation and returns, as well as making data-driven recommendations.
• Administrative tasks: You can manage a range of administrative tasks within the app, such as downloading statements, updating account details, nominating beneficiaries, and managing your KYC.
• Scheme selection: The app provides intuitive filters, comprehensive scheme pages, and an AI-driven recommendation engine called Sarthi to help you navigate the range of schemes available and choose funds that align with your investment goals.
• Educational resources: You can access educational resources and insightful content within the app to enhance your investing knowledge and make more informed decisions.
• Effortless transactions: The app allows you to execute transactions with ease and provides timely notifications to keep you informed about your financial objectives.

In addition to using the app, you can also monitor and manage your portfolio by staying up to date with the latest economic trends and data-driven insights, such as those provided by the DSP Mutual Fund website. This can help you make informed decisions about your investments and ensure your portfolio is aligned with your financial goals.

The company's history and performance

DSP Mutual Fund is a well-known asset management company in India with a long history in the investment business. The DSP family's journey with investment dates back to the 1860s when they first ventured into the stock-broking business. Over time, they expanded into investment management, forming a joint venture with Merrill Lynch to establish DSP Merrill Lynch Asset Management Company, which was registered with SEBI in January 1997.

The company underwent a name change in 2008 following BlackRock's acquisition of Merrill Lynch's global asset management business, becoming DSP BlackRock Investment Managers Ltd. Another significant shift occurred in 2018 when the DSP Group acquired BlackRock's 40% stake, leading to the adoption of the current name, DSP Mutual Fund.

As of June 30, 2024, DSP Mutual Fund's AUM (Assets Under Management) stood at an impressive Rs 1,64,697.19 crores. The company offers a diverse range of mutual fund schemes, with 20 debt schemes, 37 equity schemes, 6 hybrid schemes, and 3 schemes in other categories. DSP Mutual Fund holds a notable 2.69% of the industry's AUM, solidifying its position as a prominent player in the Indian market.

Some of the largest and most notable funds offered by the company as of June 2024 include the DSP Midcap Fund, DSP Liquidity, and DSP ELSS Tax Saver. The company's performance has been strong, with a range of funds catering to different investor needs and risk appetites.

The DSP Mutual Fund's schemes are not tax-free, and any returns generated are subject to capital gains tax, which depends on the investment period and the type of fund. The company provides a range of investment options, including short-term investments in debt funds, with specific fund choices tailored to the duration of the investment.

Overall, DSP Mutual Fund has a rich history in the Indian market, offering a diverse range of schemes and solid performance, making it a trusted choice for investors seeking to grow their financial portfolios.

Frequently asked questions