DSP BlackRock has launched DSP BlackRock ACE (Analysts’ Conviction Equalised) Fund — Series 2, a multi-cap fund. Subscription to the scheme started on Friday; it would remain open till March 1, the asset management company said in a release.
The scheme portfolio would consist of 45-55 high conviction ideas picked across sectors and market capitalisations.
A key differentiator of the scheme is smart management of capital during market volatility for better leverage and potential wealth creation.
Kalpen Parekh, President, DSP BlackRock Mututal Fund, said the new scheme “is probably India’s first fund to combine three big ideas such as analysts’ conviction, equal weights and smart protection”.
“Investing in ACE 2 scheme would offer an attractive proposition for investors looking for better risk-adjusted returns, given the potential for long-term capital appreciation with likely lower volatility,” said Anup Maheshwari, Chief Information Officer — Equities, DSP BlackRock.