DSP BlackRock Balanced Fund-Growth

DSP BlackRock Balancedis a balanced mutual fund. This fund is being managed by Apoorva Shah and Kushal Choksi. The fund belongs to a fund house with a solid fund management team but its performance has been average. New investors can skip this one for a better one.

Where does DSP BlackRock Balanced invest your money?

DSP BlackRock Balancedis a equity oriented hybrid fund which invests your money in both equity securities and debt securities. It has about 72% exposure in equities. Its equity portion has multi cap exposure which means most of your money will be invested in stocks of large cap as well as mid cap companies.  Large cap companies tend to be stable compared to mid cap and small cap companies yet mid cap companies are not avoided for prospects of kicker returns. DSP BlackRock Balancedfundhas 41% exposure to mid size companies and 11% exposure to small size companies.

Suitable for what?

The following needs if occurring between 3 and 5 years:

  • Child's Education
  • Marriage
  • Home Purchase
Not suitable for?
  • Long term needs
  • Creation of wealth
How much to invest?

Minimum one time investment is Rs 5000 and minimum SIP is Rs 1000 per month. Minimum one time investment is Rs 3000 and minimum SIP is Rs 1000 per month. Do not make the mistake of investing in too many mutual fund schemes. One good fund or at the most two are enough to take care of needs expected to arise in the medium term of 3-5 years.

Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Not Recommended
How has DSP BlackRock Balanced performed in the past?

If you had invested Rs 1 lakh when the fund was launched at May 1999, your value of investments would be around Rs 6.5 lakhs. The performance has been more or less similar to other equity oriented hybrid mutual funds. The fund has been giving at around 15% every year for those who stayed invested since inception.

Assume you had invested Rs 10,000 every month in DSP BlackRock Balancedthrough SIP since the past five years today you would have around Rs 7.6 lakhs.

What charges apply?

If units are sold within a year an exit load of 1% is deducted from your total returns. No exit load applies for units withdrawn post one year. Expense ratio of DSP BlackRock Balanced fund is 2.71%. This is charged to recover the fund management company’s expenses on securities’ transactions, commissions, registrar fees, etc. Your mutual fund returns will be total returns less expense ratio.

What are the tax implications?

Returns on equity oriented hybrid funds are absolutely tax-free provided you do not withdraw within a year of buying the units. DSP BlackRock Balanced fund does not qualify for sec 80C ELSS benefits.

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