DSP BR Equity Fund completes 20 years, delivers 20.79 per cent

DSP BlackRock Equity Fund and DSP BlackRock Bond Fund have completed 20 years of existence. DSPBR Equity Fund has given an annualised return of 20.79% during the period. That means Rs 1,000 invested in the scheme on its inception is worth Rs 43,000 now. Launched in 1997, DSP BlackRock Equity Fund manages assets worth Rs 2,310 crore as on March 31, 2017. DSP BlackRock Bond Fund’s AUM stands at Rs 255 crore as on March 31, 2017.

“We have been both excited and fortunate to have participated in India’s tremendous growth journey over the past twenty years thereby helping our investors build their futures with us,” says Hemendra Kothari, Chairman, DSP BlackRock Mutual Fund. “The fund has weathered various market conditions and crisis in the last 20 years. Investors who have weathered these events emotionally have been the ultimate beneficiaries. We look forward to the future with strong optimism and hope to carry this growing momentum forward for our investors as well as all our affiliates who have been instrumental in getting us to where we are today. Here’s to continuing a great innings and these tremendous partnerships forward,” he added.

According to DSP BlackRock Mutual Fund, average quarterly returns from Indian equities have been consistently strong especially in the five different periods of rising US Bond yields monitored over the past 25 years. India, emerging as the Top 10 largest countries by GDP and M-Cap – ranked 7th by GDP at USD 2.3trillion and ranked 9th by M- Cap at USD 1.51 trillion, is expected to be the third largest economy by 2030. (Source: PWC. Bloomberg data as of November 2016.)


According to DSP BlackRock MF, India’s improving macro-economic scenario triggered by recent macro improvements, political stability, on-track reforms and continued improvement in external balance sheet, has raised the country’s chances of possible rating upgrade.