After the world\u2019s largest asset manager BlackRock Inc\u2019s exit from India\u2019s mutual fund industry by stake sale to DSP Group, Morningstar advised investors to not panic, and not make any decisions in haste. Morningstar said that the \u00a0DSP group has a good legacy and they will do well even without BlackRock, just like L&T AMC has done very well after the exit of Fidelity. BlackRock said it sold its stake in the joint venture because it could not integrate DSP BlackRock onto its technology and operating platform since it was a minority stakeholder, according to a Reuters report. Morningstar has broken down its analysis of DSP\u2019s business into two parts- the team, and AMC. According to the firm, roughly 60-70% of the team\u2019s compensation is variable in nature. While computing the variable portion, the fund\u2019s performance (1- and 3-year time frame) is given more importance than factors such as growth in assets and the fund company\u2019s profitability, Morningstar added in its report. Morningstar explained that DSP BlackRock has a solid team in place. \u201cWhat stands out is how different investment styles have been allowed to exist and thrive,\u201d said the report. Coming to its AMC business, DSP BlackRock Investment Managers is one of the best asset managers in the country. Taking stock of the various positives observed in the past from this fund house Morningstar said that when other companies over a decade ago were launching funds to grow their AUM, DSP refused to join that race. \u201cAt one time, they stopped accepting fresh inflows into DSP BlackRock Microcap Fund given its large asset size. The move to benchmark its funds against a more competitive Total Return Index was also an investor-friendly move,\u201d observed the firm\u2019s report. Taking stock of the firm\u2019s technology in place, Morningstar said that DSP will not be constrained by BlackRock\u2019s exit. \u201cBut the fund house has worked hard to ensure that processes are homegrown and in place. And while they leveraged the BlackRock technology and processes, they adapted and evolved from it,\u201d Morningstar noted.