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Back You are here: Home Business & Industry DSP blackrock plans to raise Rs 1,000 crore from its NFO

DSP blackrock plans to raise Rs 1,000 crore from its NFO

Gujarat Global News Network, Ahmedabad

DSP Blackrock which is in market with its new fund offer- Dynamic Asset Allocation Fund is confident of raising Rs 1,000 crore. The scheme, meant for the long-term returns, is designed to balance the investments in 10 year government securities (G-Secs) and the equities for larger returns.

In his media interaction here, Dhaval Dalal, fund manager and Executive Vice-President of the Fund House said that there were signs of return of the confidence of the investors. He attributed this to to good monsoon and on the anticipation of a decisive verdict in the upcoming general elections.

It is an open-ended fund of funds scheme. He said that  DAAF from the DSP Blackrock stable will make balanced allocation of funds to its equity schemes DSP Blackrock Top 100 Equity Fund and DSP Blacrock Equity Fund and debt schemes of DSP Blackrock Strategic Bond Fund and DSP Blackrock Short Term Fund.

Dalal said that the scheme would use the yield-gap ratio, a ratio of yields from debt market to equity market, for determining the asset allocation. Opened on January 17 for subscription, the DAAF is the first mutual fund NFO by the DSP Group since 2009.

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