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| DSP BlackRock Mutual Fund announced the launch of DSP BlackRock Focus 25 Fund Portal -29th April 2010 |
DSP BlackRock Mutual Fund announced the launch of DSP BlackRock Focus 25 Fund ,
( Conviction. Selection. Concentration )
Mumbai, April 23, 2010: DSP BlackRock Mutual Fund announced the launch of DSP BlackRock Focus 25 Fund. This is an open ended equity growth scheme investing largely in companies, which are amongst the top 200 companies by market capitalisation. The portfolio will limit exposure to companies beyond the top 200 companies by market capitalization to 20% of the net asset value. The Scheme will normally hold equity and equity-related securities including equity derivatives, of upto 25 companies.
The scheme will have a concentrated portfolio adopting a highly flexible investment approach. Concentrated portfolios are often the result when managers seek to sharpen the focus with regard to stock selection and therefore stock weightage in the portfolio.
What is rationale for launching a fund with this strategy?-
In a market which has risen significantly over the last one year, there has been significant performance divergence not only among sectors but also amongst stocks within these sectors. This highlights the fact that besides sector selection, stock selection is extremely important.
A significant percentage of risk paring on account of diversification can be achieved with relatively fewer stocks, provided they are not of a similar type. While adding more stocks increases the degree of diversification, the ability of the scheme to generate relatively higher returns recedes as the number of stocks in the portfolio increases.
Equity schemes managed by us have delivered consistent long term performance which is a testimony to the stock selection skills of our investment team. The concentrated portfolio will enable the fund manager to sharpen his focus with regard to stock selection & portfolio construction and allows investors to benefit from the fund manager’s stock selection ability.
Speaking to media Mr. S. Naganath said “We are pleased to announce the launch of DSP BlackRock Focus 25 Fund and believe that this fund will appeal greatly to investors who are seeking a concentrated equity portfolio.
Scheme Features
Name of ---------------------------------DSP BlackRock Focus 25 Fund
Type of ---------------------------------Open Ended Equity Growth Scheme
Launch Date -----------------------------April 23, 2010
Benchmark -------------------------------BSE Sensex
Fund Manager-----------------------------Apoorva Shah
Minimum investment amount----------------Rs. 5,000/- and multiples of Re. 1/- thereafter
Options Available------------------------Growth; Dividend Reinvest Dividend |
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News Sources -VISHAL MEDIA (P.R.Agency), Mobile 098266-23100, Email- pr@vishalmedia.com |
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