United Kingdom

DSP India Equity Fund

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.

Investment Objective: The investment objective of the Fund is to achieve long term capital appreciation from a portfolio that is substantially constituted of equity and equity related securities of mid cap and small cap companies.

Investment Horizon: The Fund may be suitable for those investors with a medium to long term time horizon who wish to gain exposure to Indian equity markets and who recognize the risks of investing in an emerging market country and who can tolerate the level of volatility of returns typical of such an investment.

Investment Risks: Investment in the Fund involves certain risk factors and considerations relating to the Fund's structure and investment objective which a prospective investor should evaluate before making a decision to invest in the Fund. No assurance can be given that the Fund will succeed in meeting its investment objective or that there will be any return on capital. Moreover, past performance is not a guarantee of future results. Please refer the Section ‘Risk Factors’ provided in the Prospectus & Supplement for further details.

INVESTMENT OBJECTIVE

The DSP India Equity Fund (the “ICAV Fund”) aims to achieve long term capital appreciation from a portfolio that is substantially constituted of equity and equity related securities of mid cap and small cap companies.

FUND MANAGER

Vinit Sambre Image

Vinit Sambre

Head - Equities

Vinit Sambre is Head – Equities at DSP Investment Managers Private Limited (‘DSPIM’). Vinit specializes in the small and mid-cap space and has over 20 years of relevant work experience.

Vinit joined DSPIM in July 2007, as Portfolio Analyst for the firm's Portfolio Management Services (PMS) division, which manages discretionary accounts and provides advisory services to institutional clients. As a research analyst, his focus was on sectors like Pharmaceuticals, Power Utilities, Chemicals, Fertilizers and Textiles

Previously, he was with DSP Merrill Lynch as a part of its Global Private Client business. He spent 20 months at DSP Merrill Lynch as Equity Strategist. Prior to DSP Merrill Lynch, he was employed with IL&FS Investsmart Limited as an Equity Analyst in their PMS division. He has also worked with UTI Investment Advisory Services as Equity Analyst for the offshore fund – India Growth Fund. Vinit is a Chartered Accountant from Institute of Chartered Accountant of India. Currently he is Fund Manager of below schemes.

  • DSP Small Cap Fund
  • DSP Top 100 Equity Fund
  • DSP Healthcare Fund
  • DSP Focus Fund

Charges
Investment Management Fee Up to 1.25% of the NAV p.a
Distribution Fee 0.25% of the NAV
Investment Management Fee Up to 0.35% of the NAV p.a
Distribution Fee 0.40% of the NAV
Investment Management Fee 0.25% p.a of the NAV when the NAV of the Fund is up to $150 million; 0.1944% p.a of the NAV when the NAV of the Fund is greater than $150 million and up to $300 million; and 0.0833% p.a of the NAV when the NAV of the Fund is greater than $300 million.
Distribution Fee 0.20% p.a of the NAV when the NAV of the Fund is up to $150 million; 0.1556% p.a of the NAV when the NAV of the Fund is greater than $150 million and up to $300 million; and 0.0667% p.a of the NAV when the NAV of the Fund is greater than $300 million.
Investment Management Fee Up to 0.25% of the NAV p.a
Distribution Fee 0.20% of the NAV

Fund Facts

Asset Class Equity
Fund Launch Date 15-Mar-2021
Fund Currency USD
ISIN Code IE00BK0WZ337
Domicile Ireland
Investment manager DSP Investment Managers India Pvt. Ltd.
Administrator HSBC Securities Services (Ireland) DAC
Depository HSBC France, Dublin Branch
Management Company KBA Consulting Management Limited
Dealing and Valuation Daily

Fund Statistics

Total Fund Size
As on end of 11/30/2022 USD $10.68 mn
NAV SEED CLASS  As of 10-Jan-2023 USD $10.00
NAV CLASS A USD
UNHEDGED
As of 10-Jan-2023 USD $9.94
12 Month NAV (NAV Date) High
On 13-Jan-2022 USD $11.77
Low
On 20-Jun-2022 USD $9.11
NAV SEED CLASS As Of
NAV CLASS A USD
UNHEDGED
As of

Performance

Denominated Currency: USD

Launch Date: 15-Mar-2021

1 MONTH 1 YEAR 3 YEARS 5 YEARS SINCE LAUNCH
DSP Representative Fund 2.59% -5.95% 11.40% 4.57% 10.21%
Benchmark (in USD) 4.16% -3.85% 17.14% 5.23% 6.78%
2016 2017 2018 2019 2020 2021
DSP Representative Fund 8.60% 48.82% -17.68% 6.86% 20.53% 25.84%
Benchmark (in USD) -0.04% 61.34% -22.24% -2.21% 19.86% 46.15%

PAST PERFORMANCE WARNING: Please be aware that these figures refer to simulated past performance and simulated past performance is not a reliable indication of future results. This graph does not contain information about the performance of DSP India Equity Fund (a sub-fund of DSP Global Funds ICAV) due to lack of operating history. Performance is displayed for a DSP Representative Fund which is substantially the same as DSP India Equity Fund. Currency fluctuations may cause the value of your investment to increase or decrease.

The performance shown for the DSP Representative Fund is net performance, which takes into account the effect of management fees and other administrative charges. Please note that these fees and charges may be different to those charged for DSP India Equity Fund.

Historical Price Chart

Denominated Currency: USD

From To

Please refer to the Download Section for Documents related to DSP Global Funds ICAV

Key Risks

The key risks associated with investment in ICAV Fund/Sub-Fund(s) is summarised below. Potential subscribers/investors must refer to the Prospectus & Supplement for the detailed risks associated with investment in the Fund before investing.Different risks may apply to different Funds and/or Classes.

  • Country risk:The Sub-Fund(s) shall be subject to the geographical, political, economic and social issues specific to India.
  • Market risk:The investments of ICAV Fund/Sub-Fund(s) are subject to risks inherent in all Financial Instruments. The value of holdings may fall as well as rise, sometimes rapidly and unpredictably.
  • Political and Regulatory Risk:The value of the assets of ICAV Fund/Sub-Fund(s) may be affected by uncertainties such as domestic and international political developments, changes in social conditions, changes in government policies, taxation, restrictions on foreign investments and currency repatriation, the level of interest rates, currency fluctuations, fluctuations in both debt and equity capital markets, sovereign defaults, inflation and money supply deflation, and other developments in the legal, regulatory and political climate in the countries in which investments may be made, which may or may not occur without prior notice.
  • Liquidity risk:The ICAV Fund/Sub-Fund(s) may invest in companies where market liquidity is thin.
  • Performance risk:Past investment performance should not be viewed as a guide to, or indicator of, future performance and the value of investments and the income derived from them can go down as well as up.
  • Capital risk:All or some of the capital investment may be lost.
  • Tax risk:Tax treatment of foreign investments in India may be varied by the Indian Government without notice.

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