DSP BlackRock Mutual Fund has become DSP Mutual Fund with effect from August 16, 2018, said a company press release. The fund house has unveiled its new logo.
In May, DSP Group had bought BlackRock’s 40% stake in their joint venture DSP BlackRock Investment Managers.
While the DSP Group has a track record of over 152 years, BlackRock Inc is the largest asset management company in the world.
Kalpen Parekh, President, DSP Mutual Fund said, “The real challenge for us is to help all our clients navigate these changes in the simplest manner possible: Think simple, act simple and communicate simple. We believe that simplicity, respect and humility will continue to define DSP. We will serve our investors and distribution partners in simple, evidence based and principled manner to make them understand the risks as well as the rewards of investing.”
Hemendra Kothari, Chairman, DSP Investment Managers said, “This is simply the next phase in our journey, which will continue to focus on making a real difference in our investors’ lives. We will continue investing in our people, our technology platforms and our relationships with clients & distribution partners to maintain our focus on delivering long term investment excellence.”
Currently, DSP Mutual Fund manages assets of over Rs. 89,400 crore as on June 2018.