DSP Mutual Fund

Feeling like your day could use a little lift? Read on. As we celebrate 6 years of being "just DSP", here's something we wanted to share with you. When we crafted our credo in 2018 six years ago, in encapsulating the essence of “Invest For Good,” we aimed to embody three profound dimensions: 1. The transformative power of investing (Invest). 2. The importance of long-term commitment (for Good). 3. The betterment of people, communities and the world around us (Good). While we, just like any investment management firm would, frequently highlight the first two aspects, we talk less about our responsibility to foster a better world around us. For decades, DSP has championed meaningful initiatives in the realm of CSR, alongside smaller yet impactful projects that aim to help or uplift communities. Today, we are excited to share one such small but incredibly special project with you, a little video we’ve shot. 𝐖𝐚𝐭𝐜𝐡 '𝐔𝐝𝐚𝐚𝐧', 𝐨𝐮𝐫 𝐥𝐚𝐭𝐞𝐬𝐭 𝐬𝐡𝐨𝐫𝐭 𝐝𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐚𝐫𝐲 𝐟𝐢𝐥𝐦 𝐟𝐞𝐚𝐭𝐮𝐫𝐢𝐧𝐠 𝐡𝐞𝐚𝐫𝐭𝐟𝐞𝐥𝐭 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞𝐬 𝐟𝐫𝐨𝐦 𝐫𝐞𝐚𝐥 𝐩𝐞𝐨𝐩𝐥𝐞.     As you watch, think about those who make your life smoother: your maid, cook, gardener, driver, liftman, or office boy... They deserve more than just salaries & occasional bonuses; they deserve encouragement & support too.   Just imagine the potential impact of your kindness. And remember: 𝐀 𝐫𝐢𝐬𝐢𝐧𝐠 𝐭𝐢𝐝𝐞 𝐥𝐢𝐟𝐭𝐬 𝐚𝐥𝐥 𝐛𝐨𝐚𝐭𝐬. Perhaps someone encouraged you to get started. Perhaps your small decision to pay it forward will create a ripple effect. Perhaps it will enable many other lives to take flight. Click below to watch 👇 Kalpen Parekh Aditi Kothari Desai Sanjiv Kumar Usha Nair Yamini Sood Sahil Kapoor Anil Ghelani, CFA Arun Rajendran Manish Rathi Sudip Mandal Shephali Shrimali Abhik Sanyal Yogesh Bhalla

Investors may note that, in order to avoid breach of Mutual Fund industry-wide limits for overseas investments, any lump sum subscription, switch-in, new SIP/STP/ IDCW Transfer Plan registration requests received with effect from October 01, 2024, after cut-off timing i.e. 3.00 p.m. shall not be accepted in below mentioned schemes of DSP Mutual Fund: - DSP Global Innovation Fund of Fund - DSP Global Allocation Fund of Fund - DSP Global Clean Energy Fund of Fund - DSP World Agriculture Fund - DSP US Flexible Equity Fund of Fund - DSP World Gold Fund of Fund - DSP World Mining Fund However, any existing SIP/STP registration in the aforesaid schemes as on October 1, 2024, shall continue till further notice. Know more: https://dspim.co/4dqHNV2

#PollOfTheDay

Empowering Teachers to Empower Students! DSP supports Leadership For Equity which works towards redefining teacher training by combining innovative methods, peer learning, & data-driven insights. By strengthening the very foundation of education, they are fostering environments where every student can thrive, regardless of their background. Know more & #DoGood: https://lnkd.in/dx3SH5Rc

Juicy mangoes & healthy papayas- do you prefer seasonal or perpetual? Have you noticed that almost every fund manager talks about the cyclicality or seasonality of the economy, markets & themes? As the market or even specific industries pass through cycles, a change in portfolio is warranted. During a boom phase, you may want to be more aggressive and invested in the higher growth businesses like IT & Infra, while in a slowdown or a down cycle, one would prefer the safer havens. Like that, a relative risk & reward association is also done with market caps. Large caps are generally known for safety & resilience through market cycles (like healthy papayas), while small & mid caps (SMIDs) are better associated with higher growth (returns) & risk (like sweet & juicy mangoes). Of course, as investors, we are more interested in returns, right? But we also know that risk & reward walk alongside. And more often than not, higher risk may not necessarily mean higher returns. That's exactly what SMIDs stand for. When the market cycle turns for the worse, the SMIDs are typically the worst hit. Every time an economic crisis occurs, SMIDs give up much of their alpha from the last market cycle. So, anyone who entered SMIDs in the last legs of the market rally is bound to feel lost & frustrated, since, to even reach the same point again, they usually have to wait 3-5 years. Large caps, on the other hand rise slowly but consistently and they don't fall as much even when there is almost a stampede by investors to get out of equities.. Small & midcaps can be juicy & sweet like ripe mangoes at their peak but will turn sour and acerbic as soon as the season changes. Thus, over a longer cycle, even though Small & Midcaps have the potential to generate more significant returns, they can also destroy your capital if you miss the timing (entry point) or time (duration in the market). Large caps are like Papayas, good almost all year round, though not as tasty or valued as mangoes. When equity valuations all around are lofty, and the equity market is looking for triggers to correct sharply, take a long look at your portfolio – are you still holding mangoes or should you have papayas now? Read more interesting takeaways in our September edition of Netra, here: https://dspim.co/NetSep24

Are small- and mid-caps flying too high? SMID stocks shine in bull markets but face sharper losses in downturns. With their large alpha over large caps, is it time to rethink your strategy? Read key takeaways from Netra in our blog here: dspim.co/4ecinLT

"Gold is money. Everything else is credit"- How much have you explored the yellow metal? Over centuries of human civilisation, gold has been the yardstick for growth & prosperity; it is mainly used for jewellery, currency, means of trade & as a store of value. For Indians, too, gold is special. Did you know that The world's largest gold reserves are held by Indian households, per a report published by the World Gold Council. But do we treat it as significant when it comes to investing? Surprisingly, the Indian mutual funds industry has less than 1% exposure to gold (~0.6% as of Aug 2024, source AMFI AUM Data). However, this has seen a significant uptick over the last few years as Indian investors seem to be maturing. But why are we talking about gold when equities are hot right now? Exactly, Equity is too hot right now. Since the economic cycle is also peaking the world over, equities could probably correct sharply across most industries and cause a sharp fall in portfolio value. So, is there a safe haven? Gold has presented itself as a natural hedge to equities. Hence, one may benefit from at least a small exposure to this precious metal. However, an interesting discovery in this valuation HotPot is that one can find decent growth opportunities in gold mining companies, whether large or small, at lower valuations. The valuations across the size spectrum here are still below or very near their 10-year average, offering a significant margin of safety in case a large scale meltdown in equities was triggered. Imagine that we are now faced with high multi-decade valuations in other sectors. Rich valuations don't cause crashes but exacerbate losses when a cyclical correction triggers. With slowing economic growth, we're sitting on a ticking time bomb. At this hour, one must search for oases of growth and shelter from a potentially large derating in equities. Due to higher (and still rising) gold prices & additional operational efficiencies driven by technological developments, Gold Miners and gold offer the edge that your portfolio needs. Maybe you need to check if you need gold. Read the September edition of Netra to gain more invaluable market insights: https://dspim.co/NetSep24

DSP Global Innovation Fund of Fund attempts to bring you the best innovation-focused opportunities across the spectrum via one single fund. The design helps investors to take part in a compelling theme in a well-diversified, risk-adjusted manner. Let’s delve into the current positioning of the fund: - US Equity returns of the last few years especially since Jan 2023 were dominated by ‘Magnificent 7’ companies. We expect depolarisation to play out in near term. - Buybacks were a key driver of Big-Tech returns helped by large cash positions, extended QE environment in the last 15 years and companies’ own low cost of capital. While companies still have significant cash piles, the returns from this lever may taper off as earnings growth slows. - In the US Tech space, valuations are relatively better placed in non-mega cap stocks. And given our expectation of depolarisation, we see comfort in Nasdaq 100 Equal Weight Index and BlueBox Global Technology Fund which provide reasonable exposure beyond mega caps. - Outside of US Tech, we find China Internet companies to be an interesting opportunity right now with business fundamentals stronger than what valuations are pricing in. While flows have been very volatile, we expect mean reversion to play out in the next few years. - MedTech is an emerging space where we see significant business growth in the next few years. We have added a small position here and may gradually scale it up. Accordingly, our portfolio is positioned towards smaller tech companies, China Internet stocks and Med-Tech businesses. So, how to invest? Innovation is disruptive as well as volatile. We have always recommended the SIP route for investing in this theme and we continue to believe SIP is the best way to invest in DSP Global Innovation Fund of Fund. To know more, swipe 👉 or download the PPT: http://dspim.co/GIFppt

Why do MOST people fail at financial planning? It’s not what you think! In this episode of #OneStepAhead, Sumana Datta & Tanwir Alam share key elements of financial planning for both young and retired audiences to help them meet their goals. Don’t miss this!

Our #FridayQuiz is here! Participate now: https://lnkd.in/dqCKWqgd