Thursday, 11 November 2010

DSP BLACKROCK TOP 100 EQUITY FUND

DSPBR Top 100 Equity Fund is an Open Ended growth Scheme, invests in the equity securities and equity related securities of the 100 largest corporates, by market capitalization, listed in India. This large cap fund is one of the best performed funds in the long run among other similar type of funds.

DSPBR Top 100 Equity Fund launched in February 2003. The fund manager Apoorva Shah is an experienced person to manage the fund effectively.

Minimum required investment

For Regular investors Rs. 5000 is the minimum required investment and multiples or Re. 1 thereafter, but for Institutional investors minimum required investment is Rs. 1 Crore and multiples of Re. 1 thereafter. The Systematic Investment Plan (SIP) is also there with a minimum installment of Rs. 500 and the minimum required monthly installments are 12 months.

Asset Allocation Ratio

Asset Allocation Ration for Equity and equity related securities 90% - 100% with a Medium to High risk level and for Debt, securitized debt and money market Securities 0% - 10% with Low to Medium risk.

Entry Load and Exit Load

There is not entry load for DSPBR Top 100 Equity Fund but if the redemption is before completing one year of entry there is an exit load of 1%.

Other Benefits of Investors

Systematic Transfer Plan, Systematic Withdrawal Plan, Nomination & Direct Deposit Application facilities are available, subject to applicable conditions as per the Scheme Information Document

The Fund house claimed that all Redemption proceeds issued normally within 3 Business Days and the declaration of NAV on all Business Days.

The Fund house allows Sale and Redemption of units on all Business Days at Purchase Price and Redemption Price respectively. Cut off Time for Subscription, Redemption and Switching is 3.00 p.m.

As we mentioned at the beginning of this post this is one of the most performed mutual fund in equity growth scheme. But you keep in mind the statutory warning of SEBI (Securities and exchange Board of India) is that the past performance may or may not be reflected in future.

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