Mid-sized fund dwelling DSP Investment Managers has acknowledged its investors have faith gained 19.1 per cent on an annual foundation within the previous 25 years from its flexi cap fund.
Launched dumb April 1997, the flexi cap fund has an AUM of Rs 7,661 crore as of quit March 2022 and is amongst its flagships funds.
The fund because it completes 25 years has a proven portfolio that has been by technique of many market cycles and has delivered returns of 19.1 per cent in compounded annual growth rate) since inception, the fund dwelling acknowledged.
Rs 1 lakh invested at inception is price over Rs 78 lakh now, whereas a a similar funding in Nifty 500 is most efficient Rs 31.74 lakh, it claimed.
The compounded annual return growth of the fund, managed by Atul Bhole and Abhishek Ghosh, over any 10-year duration has been as a minimal 6.9 per cent and a most of 33.5 per cent.
This changed into DSP’s first fund to have faith a disciplined funding framework and has proven itself over many market cycles.
This prolonged-time frame growth has, on the opposite hand, been considered by most efficient 36 investors, who invested at inception and remain invested this present day, Kalpen Parekh, managing director & chief executive of the fund acknowledged in a statement on Monday.
DSP manages the cash of over 35 lakh investors.