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August 28, 2015 8:26 PM ET

Capital Markets

Company Overview of DSP BlackRock Investment Managers Pvt. Ltd.

Company Overview

DSP BlackRock Investment Managers Pvt. Ltd. is a privately owned investment manager. The firm primarily manages equity, fixed income, and balanced mutual funds for its clients. It invests in public equity and fixed income markets. The firm employs a combination of fundamental and quantitative analysis to make its investments. It uses both external and in-house research to manage its investments. The firm was formerly known as DSP Merrill Lynch Fund Managers Limited. DSP BlackRock Investment Managers Pvt. Ltd. was founded in 1996 and is based in Mumbai, Maharashtra with additional offices in Ludhiana, Raipur, Surat, Vapi, Nagpur, Mumbai, New Delhi, Patna, Rajkot, Trivandrum, Varanasi, Nasik, ...

Mafatlal Centre

10th Floor

Nariman Point

Mumbai,  400 021

India

Founded in 1996

Phone:

91 22 6657 8000

Fax:

91 22 6657 8181

Key Executives for DSP BlackRock Investment Managers Pvt. Ltd.

President and Chief Investment Officer
Age: 49
Vice President and Head of Client Response and Operations
Age: 39
Chief Administrative Officer, Executive Vice President, and the Compliance Officer
Age: 46
Executive Vice President and Head of Business Development and Risk Management
Age: 44
Executive Vice President, Head of Sales, and Co-Head of Marketing
Age: 43
Compensation as of Fiscal Year 2015.

DSP BlackRock Investment Managers Pvt. Ltd. Key Developments

BlackRock Is Reported To Buy Stake In DSP Blackrock Mutual Fund

BlackRock, Inc. (NYSE:BLK) has offered to buy out its Joint Venture partner Hemendra Kothari's stake in the Indian mutual fund business, said a person familiar with the development. BlackRock wants to acquire veteran investment banker Kothari's 60% equity holding in DSP BlackRock Investment Managers Pvt. Ltd. (DSP BlackRock Mutual Fund). BlackRock is keen on spearheading the growth of its Indian asset management business, said the person in the know. "BlackRock wants to look at different ways to grow the business which has not shown a significant rise in assets under management (AUM)," he said. In response to an Economic Times query on the matter, a BlackRock spokesperson said, "We don't comment on market speculation. We are excited about the potential of the Indian market and we work closely with our JV partner DSP BlackRock to deliver our growth strategy in India." Since negotiations between BlackRock and Kothari are still in early stages, the size of the possible deal could not be ascertained. If the deal goes through, DSP BlackRock could be valued at about 5%-6% of its assets under management, which is higher than the recent deals in the industry, said two officials with rival mutual funds. Hemendra Kothari did not comment on the matter, ET reported.

DSP BlackRock Mutual Fund Launches DSP BlackRock Dual Advantage Fund - Series 37 - 36M

DSP BlackRock Mutual Fund has launched a new close ended income scheme named 'DSP BlackRock Dual Advantage Fund - Series 37 - 36M' with maturity period of 36 months from the date of allotment. The New Fund Offer (NFO) price for the scheme is INR 10 per unit. The NFO opened for subscription on April 06 and will close on April 20. The entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will be not applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is INR 5,000 and any amount thereafter. The options available under the plan of the scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against CRISIL MIP Blended Index. Dhawal Dalal and Vinit Sambre will be the fund managers of the scheme. The asset allocation of the scheme will be in such a way that the objective of the scheme to generate returns and seek capital appreciation will be met by investing in a portfolio of debt and money market securities and also equity & equity related securities. Hence, the scheme will allocate 50 to 95% of asset in debt securities, 0 to 15% of asset in money market securities and 5 to 35% in equity and equity related securities.

DSP BlackRock Mutual Fund Introduces Dual Advantage Fund - Series 36 - 36M

DSP BlackRock Mutual Fund announced that the company has launched the New Fund Offer (NFO) of DSP BlackRock Dual Advantage Fund - Series 36 - 36M, a close ended income scheme. The NFO opens for subscription on February 26, 2015 and closes on March 12, 2015. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is INR 5,000 and any amount thereafter. The scheme's performance will be benchmarked against CRISIL MIP Blended Index and its fund managers are Dhawal Dalal and Vinit Sambre. The investment objective of the scheme is to generate returns and seek capital appreciation by investing in a portfolio of debt and money market securities. The schemes also seek to invest a portion of the portfolio in equity & equity related securities to achieve capital appreciation. As far as investments in debt and money market securities are concerned, the schemes will invest only in securities which mature on or before the date of maturity of the Schemes.

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