DSP Mutual Fund is opening its DSP Small Cap Fund for subscriptions through the SIP/STP route on September 3, 2018. However, other routes like subscription/switch-in applications in the scheme and/or registration of new Dividend Transfer Plan in the scheme will continue to be temporarily suspended into the scheme.
The scheme currently manages assets worth Rs 5,351 crore.
“The earnings cycle seems to be picking up, but at the same time, broad valuations continue to be high. While some small caps have seen a correction, we have re-oriented the portfolio by taking advantage of large price corrections and adding some of these small cap stocks to the portfolio. Our process and philosophy in picking up stocks remains unchanged and we are confident that we will continue to build a portfolio of good companies,” said Vinit Sambre, Head - Equities, DSP Investment Managers Ltd.
DSP first restricted flows into the scheme in October 2014 to Rs 2 lakh per investor as it felt that further large inflows into the scheme may prove detrimental to the interest of the existing unit holders. In August 2016, DSP further restricted flows into the scheme to Rs 1 lakh per investor. The scheme stopped fresh inflows altogether in February 2017.
