DSP BlackRock

For Coinbase investors, the news is a much-needed signal that its status as a giant in the crypto sector remains rock solid

We will be very selective in our fund launches, depending on investor need and the right timing, says DSP BlackRock president Kalpen Parekh

Move comes soon after the DSP Group recently bought out its joint-venture partner BlackRock for an undisclosed amount

Exodus of top managers an unintended side effect of roaring MF industry

US-based BlackRock and Hemendra Kothari-led DSP group have ended their mutual fund (MF) joint venture DSP BlackRock Investment Managers. Under an agreement announced on Monday, the DSP Group will buyout the 40 per cent stake held by BlackRock in the venture, which manages and markets a range of co-branded MFs in India. "The sale is expected to complete, subject to regulatory approval, once naming transfers and investment scheme unit holder communications are finalized," BlackRock said in a release.The valuation for the deal was not disclosed. It is also not clear if DSP and BlackRock will get into a non-compete agreement after their split. Historically, deals in the Indian asset management space have happened at 5-7 per cent of AUM, implying a deal size of Rs 40-60 billion. However, DSP could have paid a higher amount considering the exponential growth of the mutual fund sector in the past few months.The DSP Group, headed by Hemendra Kothari, is one of the oldest financial services ...

DSP BlackRock is among the top 10 fund houses in the country and managed assets worth about Rs 860 billion as of March 2018

With the markets rallying nearly 19 per cent since December 2016 lows driven by liquidity, ANUP MAHESHWARI, executive vice-president, head of equities & corporate strategy, DSP BlackRock tells Puneet Wadhwa that flows to India will continue, as investors across the globe look for countries which offer higher growth, stable politics and reasonable valuations. Edited excerpts:Have the markets run ahead of fundamentals?In absolute terms, while the S&P BSE Sensex is trading around its all-time high, we cannot say the same in regards to valuations and metrics like price-to-earnings (P/E), price-to-book value (P/B), market capitalisation-to-GDP and corporate profits-to-GDP. The valuations are above their long-term averages but certainly nowhere near its 2007 peak valuations. Markets across the globe have rallied over the last one - two years and India is no exception to this. Reforms momentum, lower interest rates and stable global growth should bode well for markets, going forward.

DSP BlackRock Mutual Fund said it has decided to temporarily suspend fresh transactions