DSP Mutual Fund Nav And Scheme Details
Introduction
Rohit is a young entrepreneur whose startup is doing fantastic. He has got enough funding for his unique start-up to grow into a large business now. He wants to start investing, but he has no clue which mutual funds to invest in. One of his colleagues suggests that he should invest in dsp mutual fund.
Are you too looking for mutual funds schemes to invest in? Infamously known for being very risky to invest in, mutual fund investment can fetch greater returns in a short time and less investment.
Keep reading this blog to know everything about a dsp mutual fund.
What is DSP Mutual Fund?
A 152-year-old financial institution, DSP Mutual Funds is India’s one of the leading asset management companies. It started selling many schemes in very little time and took a giant leap to become one of the foremost asset management companies. The member to lay down the foundation of the Bombay stock exchange is behind one of the founders of DSP Group. As of March 2019, the company stood at a whopping 2,548 million. DSP Mutual Funds has around 370+ schemes, and they manage Rs. 80,421 croc=re of assets as of 31 March 2020. DSP Mutual Funds promise their clients that their interests and wealth are their priority. With over 20 years of track record, DSP Mutual Funds has been serving excellence.
Top-performing DSP Mutual Funds
There are several types of mutual funds under ABSLMF, lets have a look at the top 5 best mutual funds to invest in:
1. DSP Natural Resources and New Energy Fund
Compounded annual growth rate (CAGR) per cent for this fund for one year, three years, and five years are 50.9%, 20.18%, and 16.03%, respectively. This fund comes under the equity category and is highly risky but one of the best mutual funds to invest in.
The minimum investment amount for DSP Natural Resources and New Energy Fund is Rs. 500 lump sum, and for a systematic investment plan (SIP), it is Rs. 500. Currently around Rs. 785 Crores of assets are under the management of this fund.
2. DSP Flexi Cap Fund
Compounded annual growth rate (CAGR) per cent for this fund for one year, three years, and five years are 39.7%, 23.77%, and 19.54%, respectively. This fund comes under the equity category and is highly risky but one of the best mutual funds to invest in.
The minimum investment amount for the DSP Flexi Cap Fund is Rs. 500 lump sum, and for a systematic investment plan (SIP), it is Rs. 500. Currently around Rs. 7,345 Crores of assets are under the management of this fund.
3. DSP Tax Saver Fund
Compounded annual growth rate (CAGR) per cent for this fund for one year, three years, and five years are 43.3%, 22.58%, and 18.53%, respectively. This fund comes under the equity category and is highly risky.
The minimum investment amount for DSP Tax Saver Fund is Rs. 500 lump sum, and for a systematic investment plan (SIP), it is Rs. 500. Currently around Rs. 9,805 Crores of assets are under the management of this fund.
4. DSP Equity and Bond Fund
Compounded annual growth rate (CAGR) per cent for this fund for one year, three years, and five years are 29.6%, 19.48%, and 15.7%, respectively. This fund comes under the hybrid category and is highly risky.
The minimum investment amount for DSP Equity and Bond Fund is Rs. 500 lump sum, and for a systematic investment plan (SIP), it is Rs. 500. Currently around Rs. 7,559 Crores of assets are under the management of this fund.
5. DSP Dynamic Asset Allocation Fund
Compounded annual growth rate (CAGR) per cent for this fund for one year, three years, and five years are 12.5%, 12.13%, and 10.52%, respectively. This fund comes under the hybrid category and is moderately risky.
The minimum investment amount for DSP Dynamic Asset Allocation Fund is Rs. 500 lump sum, and for a systematic investment plan (SIP), it is Rs. 500. Currently around Rs. 4,516 Crores of assets are under the management of this fund.
Conclusion
Making a mutual fund investment is the new and better way of making investments as they give higher returns on investments. It is crucial to set up a mutual fund scheme for yourself to ensure a financially stable future. With higher risks, you can get the most significant returns. But it is also important to invest wisely and take expert guidance from your financial advisor before investing in any scheme.
