NFO opens for subscription on November 7 and closes on November 21
DSP Blackrock Mutual fund has launched its close ended equity scheme called DSP Blackrock 3 years close ended equity fund. The NFO is open for subscription from November 7 and closes on November 21.
The scheme aims to generate capital appreciation by investing predominantly in portfolio of equity and equity related securities. The scheme will invest 65%-100% in equity and equity related securities and up to 35% in debt, money market securities, and cash and cash equivalents.
Anup Maheshwari, EVP and Head- Equities and Corporate Strategy, DSP BlackRock Investment Managers said, “As the economy improves, there are likely to be large profit pools which should benefit a host of mid, small and micro-cap companies. Smaller companies have the ability to show higher growth in an upside. A portfolio comprising of good quality management with strong, secular growth prospects can yield good results for investors. This is our endeavor through this fund.’’
Benchmarked against CNX 500 Index, the Scheme
will have a concentrated portfolio and invest primarily in the equity and
equity related securities of companies and which are valued at a reasonable
price The Scheme will be co- managed by Vinit Sambre and Laukik Bagwe. . The
Fund Manager will use a combination of top-down and bottom-up analysis to
identify sector and stock weightages in the portfolio.
Vinit Sambre, Fund Manager, DSP BlackRock Investment Managers, said, “The scheme offers potential to generate alpha via active management in mid, small and micro-cap stocks for investors.”
