DSP BlackRock dynamic fund to open for subscription tomorrow

DSP BlackRock Investment Managers today said its open-ended scheme -- Dynamic Asset Allocation Fund -- will open tomorrow for subscription.
As per the fund house, the fund would manage the asset allocation between the specified equity mutual fund schemes and debt mutual funds schemes of DSP BlackRock Mutual Fund, based on the relative valuation of equity and debt markets.
The 'yield gap ratio', which is the ratio of debt market to equity market yiled, would be used for determining the asset allocation, Ajit Menon, executive VP (sales and marketing at DSP BlackRock Investment Managers told reporters here.
In essence, the scheme would be suitable for investors looking at long-term wealth creation, he said.

The new fund is open for subscription from January 17 until January 31.
The dynamic fund would invest primarily in DSP BlackRock Top 100 Equity Fund and DSP BlackRock Equity Fund to get equity exposure and DSP BlackRock Strategic Bond Fund and DSP BlackRock Short Term Fund to get debt exposure.
DSP BlackRock MF is a joint venture between the DSP Group and BlackRock in which DSP Group holds 60 per cent stake and the fund house has an average assets under management of Rs 32,642 crore at end of December.