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DSP BlackRock Mutual Fund

DSP BlackRock is a joint venture between the 150-year-old Indian financial firm, DSP Group and the world’s largest investment management firm, BlackRock. It is one of the oldest mutual fund companies in India offering a wide range of mutual funds to suit every budget.

Types of Mutual Funds Offered by DSP BlackRock Mutual Fund

There are four broad categories of mutual funds offered by DSP BlackRock - equity schemes, hybrid schemes, debt schemes, and international fund of funds scheme (FoFs). The equity category and debt category have 12 schemes each, the hybrid category has 3 and the Fund of Funds category has 6 schemes.

Listed below are the various types of mutual fund schemes offered by DSP BlackRock:

  1. Equity/Growth Funds
  2. Debt/Income Funds
  3. Liquid Funds
  4. Liquid ETF
  5. Asset Allocation Funds
  6. Index Linked Equity Scheme
  7. Equity Linked Saving Scheme
  8. Income Scheme
  9. Income (Debt) Scheme
  10. Income (Liquid) Scheme
  11. Aggressive Hybrid Scheme
  12. Fund of Funds Scheme

Funds Offered by DSP BlackRock Asset Management Company

DSP BlackRock Mutual Fund offers 12 equity funds. Equity funds predominantly focuses on stocks and invest in shares.

Eligibility Criteria for Investing in DSP BlackRock Mutual Fund

Mentioned below is a complete list of eligibility criterion required in invest in DSP BlackRock Mutual Fund:

  • Adult individuals who are the domiciles of India (should not exceed three).
  • Minors through their parents or legal guardians (parents/guardians need to apply on behalf of the minors).
  • Association of individuals/bodies of persons both corporated and incorporated, Public Sector Undertakings, Bodies Corporate, companies, and societies that are authorised under the Societies Registration Act, 1860 (as long as the respective constitutions allow the purchase of units).
  • Religious, charitable, and private trusts that come under provision 11(5) of the Income Tax Act, 1961 read with 17C of the Income Tax Rules, 1962 (conditional on receipt of the obligatory approvals as ‘Public Securities’ as per requirement).
  • Trustee of private trusts who is permitted to contribute in mutual fund schemes as per the Trust Deed.
  • Partnership Firms in India.
  • Banks (Regional Rural Banks and Co-operative Banks as well) and other Financial Organisations.
  • Karta of Hindu Undivided Family (HUF).
  • Non-Resident Indians (NRIs)/Persons of Indian Origin (PIO) living in foreign countries on complete repatriation or non-repatriation (conditional on approval of the Reserve Bank of India (RBI)).
  • Foreign Portfolio Investors (FPIs) as determined in Regulation 2(1)(h) of the Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2014.
  • Air Force, Navy, Army, and all other paramilitary funds.
  • Industrial and Scientific Research Organisations.
  • The Government of India approved International Multilateral Agencies.
  • Non-Government Pension/Provident/Gratuity funds as and when they are allowed to be invested.
  • Other entities having the permission from their respective constitutions to capitalise in the mutual fund schemes.
  • Alternate Mutual Fund schemes based on the prescribed conditions and limits under the SEBI (MF) Regulations and/or by the AMC/Trustee/Sponsors (no fees shall be levied on such investments by the AMC).
  • The Asset Management Company (AMC). It shall not levy any fees on such investments.

Documents Required for Investing in DSP Blackrock Mutual Fund

For adult investors:

  • KYC Documents - ID and Address proof.
  • Proof of Identity includes Passport/Voter's ID/Driving License/Aadhaar card/Ration Card/Electricity bill/Telephone bill/Gas bill/Bank Passbook/Bank account statement/Insurance copy/Flat maintenance bill/Registered sale/Lease agreement of residence.
  • Proof of address includes - Passport/Voter's ID/Driving License/Aadhaar card/PAN.
  • Copy of PAN is mandatory

Once you have the self-attested photocopies of your KYC, you need to download the application form from DSP BlackRock’s official website. Duly fill the application form with a passport size photograph along with your KYC and submit the same at the nearest branch of DSP BlackRock. You can also upload the set online.

If you are investing on behalf of minors, ensure that you have a Third Party Declaration Form and:

  • You are their legal guardian and submit the documents for the same at the time of application.
  • You will also be required to submit documents of the minor like birth certificate, school leaving certificate, passport and mark sheets of secondary and higher-secondary exams.

Why invest with DSP BlackRock Mutual Funds?

  • DSP offers various asset classes such as Debt, Equity, and Fund of Funds which are easily understandable.
  • The process of investment is fast, paperless and easy
  • The schemes are simplified for ease of understanding of the investors.
  • You can use your PAN and log in with the OTP sent to your email or mobile.
  • Provides a broad set of investment options to the investors.
  • You can make all transactions paper-free.
  • You can filter the products using product filters to quickly shortlist the desired schemes matching with your investment objectives and risk profile.
  • Investors can not only track and monitor their investments but also see their portfolio's current value, cost of investment, annual returns and much more.
  • DSP BlackRock ensures that the portfolios of the investors are managed by professional and experienced fund managers.

FAQs on DSP BlackRock Mutual Fund

How much of my returns will be given to my nominees?

As per the registered nominee, either the entire fund amount or the specific percentage declared by you will be given to your nominee.

Is it necessary for me to add nominees to my portfolio?

Yes, especially if you have family and kids. In your absence, they will continue to earn returns generated by the fund.

How do I buy DSP BlackRock Mutual Fund plan online?

Once you have registered with the company and completed the KYC, you can immediately start investing by using our PAN and DOB from the official website of DSP BlackRock Mutual Fund.

How do I contact DSP BlackRock Mutual Fund Company?

In case you have any queries, complaints or suggestions, you can get in touch with DSP BlackRock easily by calling them at 1800-200-4499 (Toll free) or by emailing at service@dspblackrock.com. Investors residing outside India can call on +91 44 30915400.

How do I log into DSP BlackRock Mutual Fund Company website?

You can log into DSP BlackRock official website via PAN and DOB.

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