DSP BlackRock names Vinit Sambre as head of equitiesDSP BlackRock Mutual Fund announced the elevation of Vinit Sambre as Head of Equities and Rohit Singhania as Co-Head of Equities. This move follows the departure of Anup Maheshwari as Chief Investment Officer (CIO) at the AMC.

Vinit Sambre is the manager of the highly successful DSP Blackrock Small Cap Fund (previously DSP Blackrock Microcap Fund). This is one of India’s most popular small cap funds with an AUM of Rs 6,248 crores. The fund was successful, while it had to halt fresh inflows in Feb 2017 to protect the returns. You can read Vinit Sambre’s latest interview on the fund here.

Rohit Singhania is the manager of DSP BlackRock T.I.G.E.R Fund, DSP BlackRock Equity Opportunities Fund and DSP BlackRock Taxsaver Fund. He has been with DSP BlackRock Mutual Fund since 2005.

In a DSP BlackRock Press Release, Sambre said: “I am proud to lead this highly passionate team of people, who are well aligned with the ethos and values of DSP BlackRock. The team collectively brings together multiple decades of rich investment experience in Indian markets, across different market cycles. We are highly committed to our investors’ investment objectives. As a trustee of their money, they can be assured that we strive to achieve the best possible outcomes by following our fundamental research-based approach of fund management. We are firm believers in equity as an asset class and in its potential to create wealth over the long term.”

DSP BlackRock recently announced a split between the two constituents of the AMC. BlackRock, one of the world’s largest asset managers, is exiting the fund and selling its entire 40% stake to DSP which already holds a 60% stake. You can read more about this here.

Author
Neil Borate

Neil Borate is Deputy Editor, RupeeIQ. He can be contacted at neil@rupeeiq.com.