DSP Global Funds

Who we are

DSP Global Funds ICAV (the “ICAV”) is an open-ended umbrella type Irish collective asset-management vehicle with variable capital and limited liability registered with and authorised by the Central Bank of Ireland to carry on business as an ICAV, pursuant to Part 2 of the Irish Collective Asset-management Vehicles Act, 2015 and established as an undertaking for collective investment in transferable securities with segregated liability between its Funds pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, 2011 (S.I. No. 352 of 2011) as amended. The ICAV is structured as an umbrella fund and each Funds represents a separate portfolio of assets and further sub-divided, to denote differing characteristics attributable to particular Shares, into Classes.

DSP Group: A legacy built over 150+ years

The DSP Group has a very rich and illustrious heritage. Headed by Mr. Hemendra Kothari, it is one of India’s oldest financial services firms having commenced its stock broking business in the 1860s. In fact, one of the founding members of the DSP Group was also an instrumental force in setting up the Bombay Stock Exchange. Over the last century and a half, the DSP Group has flourished in the financial services space in India and has also played a key role in the professionalization of capital markets in India.

We have evolved over the years – from stock broking in the 1860s, investment banking in the 1970s to wealth and asset management from the 1990s to the present. During our journey we have gained substantial international experience from our partnerships with Dresdner Bank AG, Banque Francaise Du Commerce Exterieur (BFCE), Swiss Bank Corporation (now UBS), Merrill Lynch and BlackRock.

We have always kept the philosophy of #DoGoodBeGood at the forefront of all that we do. Our focus is to always do what is right for our investors, without any compromise. This tenet has always helped us through both good times as well as challenging times Today, DSP Global Funds is an established player in the asset management space and is counted among India's most respected investment management firms.

  • 1860s

    The DSP family commenced its stock broking business (First generation into this business).

  • 1877

    The first Indian stock exchange (now Bombay Stock Exchange) was established, with the DSP family among the founding members.

  • 1969

    Mr. Hemendra Kothari joined his family’s broking firm DS Purbhoodas (Fourth generation from the family).

  • 1984

    DSP Financial Consultants (DSPFC) entered into a business tie-up with Merill Lynch, USA’s then largest investment bank.

  • 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).

  • 1997

    DSP Merill Lynch Asset Management launched its first domestic equity and its first domestic debt mutual fund schemes.

  • 2008

    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.

  • 2018

    In May 2018, DSP Group announced its intention to purchase BlackRock’s 40% stake in DSP Invesment Managers and in August 2018, the transaction was completed. The organization was renamed to DSP Investment Managers and DSP BlackRock Mutual Fund was renamed to DSP Mutual Fund.

DSP Global Funds (“DSP”) advises and manages capital for global clients, including sovereign wealth funds, pension funds, insurance companies, family offices, endowments, foundations and other foreign investors with regards to their investments in India.

Over the years, we have always looked to adapt to changing market scenarios, while always remaining true to our core philosophy:

Here are additional details pertaining to the ICAV:

Investment Manager

DSP Investment Managers Pvt. Ltd.

10th Floor, Mafatlal Centre, Nariman Point



400 021 India

There are 2 Global Distributors to the ICAV


Global Distributor

DSP Global Services (Mauritius) Limited

No. 62, ICT Avenue,

11 Floor, Suite 1110,

The Core, Cybercity,