DSP Asset Managers at GIFT City To facilitate Indian investment solutions for global investors and global solutions for offshore and Indian investors.

MUMBAI, NOVEMBER 28, 2023 (GPN): DSP Asset Managers Private Limited (“DSP AMC”) announced the inauguration of its wholly owned subsidiary company office at GIFT City, Gandhinagar. DSP Fund Managers IFSC Private Limited, the wholly owned subsidiary of DSP AMC has received Fund Management Entity (Retail) registration from the International Financial Services Centres Authority (“IFSCA”). It will be positioned as DSP AMC’s offshore hub and will provide both Indian investment solutions for global investors and global solutions for offshore and Indian investors.  

DSP GIFT City office would enable both inbound and outbound investments. It would offer a wide range of strategies and products to global investors including late stage investing, private equities, and long – short hedge funds including long-only high conviction strategies. For outbound investing, there are options of investing in different markets through the LRS route, giving local investors a global flavor. The endeavor is to provide a mix of interesting and relevant investment opportunities. 

DSP aspires to be solution provider of choice, catering to a comprehensive range of investment requirements from an offshore perspective, both for global investors looking at India solutions and for Indian and offshore investors looking at global solutions.  

 “The increasing global investor appetite for India is a long-term opportunity. At DSP, we manage money for global institutions including sovereign wealth funds. pension funds, mutual funds, and a UCITS fund. Through GIFT city, we plan to bridge the gap further in terms of launching a few high conviction strategies which are also attractive to global family offices, endowments, and other institutions. This structure presents a huge long-term opportunity for DSP, and this is where we see the next leg of growth for us.” says Kalpen Parekh, MD & CEO, DSP Asset Managers. 

“The choice of GIFT City as a hub for providing global investment solutions was an easy one due to the operating structures and facilities which are world class. There is also the advantage of proximity to the home market, which is another plus. Our GIFT office would facilitate global investments to and from India in a seamless manner.” says Jay Kothari, Global Head – International Business, DSP Asset Managers. 

About DSP Mutual Fund 

DSP Mutual Fund has an over 25-year track record of investment excellence. Today, we have the honour of managing money for over 35 lakh investors from all walks of life: hard-working salaried individuals, high-net-worth individuals, NRIs, small and mid-sized business owners, large private & public corporations, trusts and foreign institutions. We take great pride in knowing that we play a key role in the creation of wealth for all our investors and will always continue to be an organization with a purpose – it is our responsibility to make a real difference to the lives of our investors.

DSP Mutual Fund is backed by the 160+ year old DSP Group. Over the past one and a half centuries, the family behind the Group has been very influential in the growth and professionalization of capital markets and money management business in India. DSP Group is currently headed by Mr. Hemendra Kothari.

Our investors’ interests will always remain at the core of our business and we will continue to maintain a relentless focus on doing what’s best for them, as they #InvestForGood. 

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