DSP Investment Managers announced that it would be opening its DSP Small Cap Fund (the Scheme) for subscriptions through the SIP/STP route on September 3rd, 2018. However, other routes like subscription/switch-in application(s) in the Scheme and/or registration of new Dividend Transfer Plan (‘DTP’) in the Scheme shall continue to be temporarily suspended into the Scheme.
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.
Kalpen Parekh, President, DSP Investment Managers Pvt. ltd said, “We have always believed that we will re-open the Scheme for subscriptions in a structure that we feel will be best suited for our investors when our fund managers feel comfortable to absorb further flows. While the small cap space has seen some correction, it also presents an opportunity to buy stocks at reasonable valuations.”