DSP Equity Savings Fund - Direct Plan - Growth

About DSP Equity Savings Fund - Direct Plan - Growth

DSP Equity Savings Fund - Direct Plan - Growth aims to offer capital growth in the long-run, by investing in a mix of stocks and fixed income securities. The fund manager uses the price difference between two or more markets to maximise return, and fixed income securities to generate regular income for the investors.

Pros and Cons of DSP Equity Savings Fund - Direct Plan - Growth

The DSP Equity Savings Fund - Direct Plan - Growth, invests in a portfolio of stocks of companies across market capitalization. The fund manager allocates the portfolio between equity related instruments and low risk securities, to maximise return and protect the investment. On the flip side, the fund invests in stocks and is not suitable for conservative investors.

Fund Information and Statistics

i) Inception/Launch Date

DSP Equity Savings Fund was launched on 28 March 2016.

ii) Risk Level

DSP Mutual Fund has classified the DSP Equity Savings Fund as 'moderately high risk'. It is riskier as compared to liquid funds.

iii) Redemption

DSP Equity Savings Fund is open-ended and the investment can be redeemed at any time.

iv) Fund Manager

Mr Vinit Sambre and Mr Saurabh Bhatia are the current fund managers of DSP Equity Savings Fund.

v) Entry/Exit Load

SEBI norms have stopped mutual fund houses from levying an entry load. An exit load of 1% applies to the units above 10%, if redeemed within 12 months from the date of allocation.

About DSP Mutual Fund

DSP Mutual Fund formerly known as the DSP BlackRock Mutual Fund, was started way back in 1996, as a joint venture between DSP Group of India and Merrill Lynch of the USA. The fund counts DSP HMK Holdings, DSP Adiko Holdings and BlackRock Inc as the sponsors. DSP BlackRock Trustee Company Pvt. Ltd. is its trustee. As of June 2020, the fund had huge assets under management (AUM) of Rs 73,450 crore.