DSP BlackRock Mutual Fund today announced the launch of DSP BlackRock A.C.E. (Analysts’ Conviction Equalized) Fund - Series 2, a multi cap fund, a close ended equity scheme investing across large cap, mid cap and small cap stocks.
In a press release, the fund house said, “DSP BlackRock A.C.E. Fund - Series 2 (the scheme) is based on the belief that a consistent investment process precedes strong performance. The three main pillars on which this scheme is based are people, process and smart protection. Top investment ideas are generated by analysts from a 16 member equity investment team.”
Further the fund house said, “The scheme portfolio will consist of approximately 45-55 high conviction ideas picked across sectors and market capitalizations. The scheme will avoid sector and stock allocation bias. It will do so by having sectoral allocation in line with NIFTY 500 and equal weights for all stocks within a sector. Stock weights will be rebalanced quarterly and stock inclusions/exclusions will be done real-time. In addition to idea generation from analysts and portfolio managers as well as in-depth company analysis, DSP BlackRock follows its proprietary benchmarking framework. Stocks are evaluated and rated based on a mix of seven key parameters.”
M Suryanarayan will the fund. The NFO of the fund will be open for subscription from February 16, 2018 to March 1, 2018.
Kalpen Parekh, President, DSP BlackRock Mutual Fund said, “A.C.E. is probably India’s first fund which combines three big ideas that should matter to investors today - analysts’ conviction, equal weights and smart protection. It is a reiteration of our strong belief that process precedes performance when it comes to effective fund management. If you believe equity markets have inherent volatility and may fall in the short term, but recognize that market falls are great opportunities to increase equity exposure, this product may appeal to you.”
Anup Maheshwari, CIO - Equities, DSP BlackRock Mutual Fund said, “Our equity investing ideology gives us the confidence to truly believe in our analysts’ conviction. A.C.E. 2 is an attractive proposition for investors looking for better risk- adjusted returns given the potential for long term capital appreciation with likely lower volatility.”