Open ended fund scheme announced by DSP

CHENNAI: Asset management company DSP BlackRock Investment Managers, a joint venture between the DSP Group and BlackRock, today announced its open ended fund scheme - Dynamic Asset Allocation Fund (DAAF).

The first of its kind scheme would manage the asset allocation between the specified equity mutual fund schemes and debt mutual fund schemes of DSP BlackRock Mutual Fund, BlackRock Investment Managers, Executive Vice-President and Head of Business Development, Pankaj Sharma said.

"DAAF resets asset allocation automatically and therefore seeks to eliminate confusion and hesitation about timing the market. Investing today is challenging for investors as they can get confused by market volatility," he said in a statement.