DSP Investment Managers announced the completion of 25 years of DSP Flexi Cap Fund. Launched on 29th April 1997, DSP Flexi Cap Fund has witnessed multiple market cycles and has given a CAGR (Compounded Annual Growth Rate) return of 19.1% since inception. or in other words, Initially invested in DSP Flexi Cap Fund must have exceeded 1 lakh 78 lakhs till now. In comparison, a similar investment in Nifty 500 TRI would have increased 31.74 lakhs.
According to Kalpen Parekh, MD & CEO, DSP Investment Managers, this impressive long-term growth has been witnessed by only 36 investors who initially invested and are still investing today.
As per the fund house, DSP Flexi Cap Fund takes a structured approach to investments by focusing on the longevity of the business, prudent management and growth sustainability (BMG Framework). The fund’s following in the BMG Framework includes businesses that are less capital intensive, with higher cash conversions, market share dominance, prudent capital allocation, and better margins reflecting higher ROE and growth rates of profits.
The CAGR Rolling Return of DSP Flexi Cap Fund has been a minimum of 6.9% and a maximum of 33.5% in any of the 10 years tenure. DSP Flexi Cap Fund is managed by Atul Bhole and Abhishek Ghosh.
“DSP Flexi Cap Fund was our first fund to have a disciplined investment structure and has proven itself over many market cycles. Its flexible style of choosing good businesses regardless of market cap makes it a good choice for every investor. However, this impressive long-term growth has been witnessed by only 36 investors who initially invested and are still investing today. We are grateful to lakhs of investors who have invested in the fund over the last 25 years and more than 20,000 distributors have recommended DSP Flexi Cap Fund over the same period. We take this opportunity to thank our customers, partners and employees for their support as we embark on a new and exciting journey,” says Kalpen Parekh, MD & CEO, DSP Investment Managers.