Prajna Capital - An Investment Guide

Investors are concerned about the change in ownership and whether it is linked to the current global crisis and Merrill Lynch's financial woes. It is not. This fund house remains as appealing as ever. DSP Merrill Lynch Asset Management (India) Limited was a joint venture between DSP Merrill Lynch Limited and Merrill Lynch Asset Management L.P. In 2006, the asset management business of Merrill Lynch (Merrill Lynch Investment Managers) was combined with BlackRock. The stake (40%) held by DSP Merrill Lynch Limited in DSP Merrill Lynch Fund Managers Limited, is to be transferred to BlackRock while the balance would continue to be held by the DSP Group (60%). Consequent to the transfer, DSP Merrill Lynch Mutual Fund will be renamed " DSP BlackRock Mutual Fund ". Despite the change in ownership, there is no indication of a shift in strategy - and that's good for investors. Neither is there any change in the fund management team. In fact, this fund house is known to retain i...