Mumbai: DSP BlackRock Investment Managers Pvt Ltd, one of the premier asset management companies in India, has announced that it has decided to temporarily suspend certain transactions in DSP BlackRock Micro Cap Fund, an open ended diversified equity growth scheme (‘the Scheme’) with effect from August 10, 2016, as there is a possibility that further large inflows into the Scheme may prove detrimental to the interest of the existing unit holder(s).
These transactions include:
· Subscription/switch-in application(s) in the Scheme amounting to more than Rs. 1 lakh (Rupees One Lakh) and/or
· Registration of new Systematic Investment Plan (‘SIP’) in the Scheme of single installment amounting to more than Rs. 1 lakh (Rupees One Lakh) and/or
· Registration of new Systematic Transfer Plan (‘STP’) into the Scheme of single installment amounting to more than Rs. 1 lakh (Rupees One Lakh) and/or
· Daily STP into the Scheme of any amount
DSP BlackRock Micro Cap Fund’s AUM as on July 31, 2016 stands at INR 3,113.17 crores, making it among the largest funds in this category.
While the firm believes that any further increase in AUM in this Scheme may certainly be beneficial to the Company, this may also mean that there is a possibility that existing investors in this Scheme may be compromised in their returns and they may not get the complete benefit of investing in the micro cap space.
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Copyright © 2014 - 2021 The Global Indian New Network (TGINN)