DSP Merrill Lynch Mutual Fund is Now DSP BlackRock Mutual Fund

After Merrill Lynch was sold out in the US, investors of DSP Merrill Lynch India, which was operating in Indian Mutual Fund Industry were left wondering about what happened to the DSP Merrill Lynch Mutual Funds.

DSP Merrill Lynch yesterday came out with a big advertisement, informing the public about the developments. DSP Merrill Lynch has now changed its name to DSP Blackrock. As readers may be aware, BlackRock is one of the largest Private Equity Investment firm of the world. The new website of DSP BlackRock Mutual Fund.

The following text appeared in the newspapers of the country:

DSP Merrill Lynch Mutual Fund is Now DSP BlackRock Mutual Fund

This is in line with the global realignment of the Merrill Lynch's Asset Management Business in 2006 with BlackRock. Blackrock is one of the largest listed asset management companies in the world managing assets in excess of US$1.2 trillion (approximately Rs. 56,00,000 Crore) and serving clients in over 60 countries worlwide.

The DSP Group, with a track record of over 140 years, is one of the oldest financial services firms in India.

The increasing rate of change and complexity in financial markets creates a distinct advantage for those who can spot opportunity early and react to it instantly. At DSP BlackRock Mutual Fund, our combination of experienced proessionals, powerful technology and global perspective uniquely qualifies us to take advantage of these opportunities and offer investment solutions that differentiated by choice, credibility and expertise.

Opoortunities favours the prepared mind.

Valuations of Rs. 56,00,000 Crore As on Spetember 29, 2008, 1 USD @ Rs. 46.94