DSP Mutual Fund Investment Company Revises Fund Managers Of Three Schemes

DSP Mutual Fund Investment Company has announced a change in fund managers under three of its schemes – DSP Top 100 Equity Fund, DSP Focus Fund, and DSP Dual Advantage Fund Series 49 – 42M scheme. The change will be effective from October 01, 2018.

As per the change announced, Gopal Agrawal and Jay Kothari will be the new fund managers of DSP Top 100 Equity Fund. Kothari is already one of the existing fund managers of the scheme. Agrawal will replace Harrish Zaveri, the other existing fund manager of the scheme.

The existing fund managers of DSP Focus Fund are Harrish Zaveri and Jay Kothari, and the revised fund managers of the scheme will be Gopal Agrawal and Jay Kothari.

For the DSP Dual Advantage Fund Series 49 – 42M scheme, Laukik Bagwe and Pankaj Sharma will continue to be the fund managers of the Debt portion of the scheme, while M. Suryanarayanan will replace Zaveri for managing the Equity portion of the scheme.

Few Features Of The Schemes

The DSP Focus Fund of the DSP Mutual Fund Investment Company will make 95 percent of investment across the top 25 holdings in the portfolio excluding debt and money market instruments. The open-ended multi-cap equity scheme, which was launched in April 2010, is benchmarked against S&P BSE 200 Index.

The DSP Top 100 Equity Fund, an open-ended large-cap equity scheme which was launched in February 2003, aims to produce capital appreciation by investing mainly in equity and equity-related instruments of the 100 largest corporates by market capitalisation, listed on either NSE or BSE. The benchmark index of the scheme is S&P BSE 100 Index.

The DSP Dual Advantage Fund – Series 49 – 42 Months scheme, a closed-ended conservative hybrid scheme, aims to produce returns and capital appreciation by investing a major portion in debt and money market instruments, and a portion of its assets in equity and equity-related instruments. The scheme was launched in October 2016 and is benchmarked against CRISIL MIP Blended Index, according to The Economic Times.

DSP Mutual Fund Investment Company has revised the fund managers of the above-mentioned three schemes with effect from October 01, 2018, the fund house announced the news on September 28, 2018, according to KJMC.

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