DSP Mutual Fund announces change in fund manager for two schemes

DSP Mutual Fund has announced changes in fund managers for its two equity-oriented schemes: DSP Flexi Cap Fund and DSP Equity & Bond Fund.

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DSP Mutual Fund has announced changes in fund managers for its two equity-oriented schemes: DSP Flexi Cap Fund and DSP Equity & Bond Fund.

The fund house informed the investors about this through a notice cum addendum.

The below-mentioned changes are effective from March 1.


DSP Schemes

According to the rejig, the necessary change will be carried out in SID, and KIM of the above-mentioned schemes.

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The change shall override the conflicting provisions, if any, and shall form an integral part of the SID and KIM of the scheme(s), as amended from time to time. All the other provisions of the SID and KIM of the scheme(s), except as specifically modified herein above, remain unchanged.

The schemes are from flexi cap and aggressive hybrid categories.

DSP Flexi Cap Fund was earlier known as DSP Equity Fund. The name of the scheme was changed on January 28, 2021. DSP Equity & Bond Fund was earlier known as DSP Blackrock Balanced Fund. The name of the scheme was changed on March 16, 2018.

According to the last available portfolio, DSP Flexi Cap Fund manages assets of Rs 10,081 crore. According to SID dated November 30, 2023, the scheme has around 53,776 folios under the direct plan and 2,47,898 under the regular plan.

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According to the last available portfolio, DSP Equity & Bond Fund manages assets of Rs 8,844 crore. According to SID dated November 30, 2023, the scheme has around 19,074 folios under the direct plan and 1,56,304 under the regular plan.

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Rohit Singhania has managed both of these funds since December 31, 2023. Dhaval Gada managed the DSP Equity & Bond Fund from August 31, 2022, and the DSP Flexi Cap Fund from October 31, 2022.

According to the portfolio as of January 31, 2024, Kedar Karnik manages some schemes such as DSP Global Innovation Fund, DSP Equity Savings Fund, DSP Floater Fund, DSP Arbitrage Fund.
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