DSP Pension Fund Managers Private Ltd. is registered as a Pension Fund Manager (PFM) under Pension Fund Regulatory & Development Authority (PFRDA) to manage the pension corpus for the customers who have invested in NPS.
We are a subsidiary of DSP Asset Managers which is one of the leading fund houses in India which manages more than 1,20,000 crores of assets under management and is backed by DSP group, a160 years old Indian financial giant.
At DSP Pension Fund, we will always take a value oriented long term approach that prioritizes resilience of our clients’ portfolios over optimization.
Investment Philosophy
History of DSP Group
1860: The DSP family commenced its stock broking business
1875: An informal association of brokers was instituted, including members of the DSP family.
1877:The first Indian stock exchange was established, with the DSP family among the founding members. Originally called 'The NativeShare & Stock Brokers Association', it was later renamed to Bombay Stock Exchange.
1916: The DSP family group was acknowledged by Grindlays for being their highly regarded and esteemed broker for the past 50 years, going back to 1866
1953:DSP family setup DS Purbhoodas Public Trust.
1969:Hemendra Kothari joined his family's broking firm DS Purbhoodas (Fourth generation from the family).
1975:Hemendra Kothari ventured into merchant (investment) banking and established the company DSP Financial Consultants Limited(DSPFC) on October 23rd. The company was incorporated in Mumbai and was in the business of merchant banking, financialconsultancy, investments and finance.
1983:DSPFC entered into a business tie-up with Dresdner Bank, AG. This was a well-publicized, highly regarded business move.
1984:DSPFC entered into a business tie-up with MerrilLynch.the largest investment bank in United States of America. Bank, AG. This was a well-publicized, highly regarded business move.
1985: DSPFC acted as advisers to Merrill Lynch Capital Markets, who were eventually awarded a mandate from the Unit Trust of India for launching 'The India Fund', the first ever International mutual fund floated to bring investments into India. The company was also involved in India's first public issue of bonds in the German capital market, lead managed by Dresdner Bank AG, for Industrial Development Bank of India (IDBI). The company advised Merrill Lynch on the arrangement of a Revolving Underwriting facility and India's first Euro-Commercial paper programme for State Bank of India. The company was also involved in raising funds forONGC in the Japanese market. DSPFC also entered into a business arrangement with Banque Francaise du commerce Exterieur (BFCE).
1987: DSPFC entered into a business arrangement with Swiss Bank Corporation (SBC)
1991: After serving the Stock Exchange, Mumbai in the capacity of Vice President for three years, Hemendra Kothari was elected President in March 1991.
1992: IDBI Investment Management Company (IIMCO) was jointly promoted by DSPFC and IDBI to carry out the business of fundmanagement.
1993:DSPFC, along with its associates Merrill Lynch and SBC lead managed many new transactions. DSPFC was also a lead manager along with Merrill Lynch in the first Euro Convertible Bond issue for Essar Gujarat. In addition, along with SBC, DSPFC lead managed the first Euro bond issue in the Swiss market for Bharat Forge Ltd. Furthermore, new initiatives such as project finance structuring, project appraisal, corporate re-organization, mergers and acquisitions were taken up
1994: DSPFC was the joint lead manager to GDR issue by East India Hotels Ltd., a co-lead manager to the issues by JCT Ltd. and Raymond Woollen Mills Ltd. Along with Merrill Lynch, it also lead managed a large GDR issue by SAIL. The firm's research division introduced the GDR valuation index. The company achieved the highest international recognition in the form of the 'Euromoney Award for the Best Securities Firm in India'.Congratulations on winning the Euromoney awardfor excellence 1994 as the best Securities Firm inIndia.
1996: DSPFC finally entered into an official tie up with Merrill Lynch providing an equity stake to Merrill Lynch of 29.41% with a provision to increase it up to 40%. This new investment banking partnership was called DSP Merrill Lynch Ltd. (DSPML). DSPML and Merrill Lynch Investment Managers (MLIM) also entered into a new joint-venture to form an investment management company, DSP Merrill Lynch Asset Management (India) Ltd. (later renamed to DSP Merrill Lynch Fund Managers Ltd)
1997: DSP Merrill Lynch Asset Management launched its first domestic equity and its first domestic debt mutual fund schemes.
2005:DSP Merrill Lynch Fund Managers launched Merrill Lynch Specialist Investment Funds (MLSIF) India Fund, its first internationalfund meant for global investors looking to invest in India. This was a Luxembourg domiciled UCITS fund.
2008:DSPMUTUAL FUND In line with BlackRock's takeover of Merrill Lynch's global asset management business in 2006, DSP Merrill Lynch Fund Managers became DSP BlackRock Investment Managers Ltd.
2018:In May 2018, DSP Group announced its intention to purchase BlackRock's 40% stake in DSP BlackRock Investment Managers and in August 2018, the transaction was completed. The organization was renamed to DSP Investment Managers, DSP BlackRock Mutual Fund was renamed to DSP Mutual Fund
Today:Demerger of asset management business from DSP Investment Managers Private Limited ("DSPIM") to DSP Asset Managers Private Limited ("DSPAM") has been effected from April 01, 2023. DSP Asset Managers continues resolutely on the path to help millions of Indians #InvestForGood, focusing on doing the right things with the right intent, always keeping investors' needs first.