Sensex 22,764.83 (+135.99)
Nifty 6,817.65 (+38.25)
Compare Performance Equity Sectoral Tax Planning Balanced Gilt Bond Liquid Index Pension
 Home|Contact Us
 Remember my Userid
New User - Register?
Forgot Password?
Latest NAVs
 Funds Reckoner
 Scheme Profile
 Scheme Comparison
 Fund Screener
 Return Calculator
Get Holdings
 Mobilisation Trends
 Trends in Transactions
 Stock Watch
 Top Holdings
 NFO Analysis
 -What's In What's Out
 Fund Managers
 -From the Desk
 Special Feature
 Malegam Committee
 SEBI Investor Education  Programme
News 1x1pix.gif (807 bytes)
1x1pix.gif (807 bytes)

Monday, October 30, 2006 13:07 Hrs IST

DSPML MF raises Rs 13 bn in Small and Mid Cap Fund

Primary objective was to seek to generate long-term capital appreciation

DSP Merrill Lynch Mutual Fund has raised Rs 13 billion in DSP Merrill Lynch Small and Mid Cap Fund. The open-ended equity scheme was launched on 29 September 2006 and closed for subscription on 18 October 2006. The minimum application amount under the regular plan is Rs 5,000. The scheme carries an entry load of 2.25% on investments of less than Rs 50 million. The scheme carries an exit load of 0.5%, if redemptions are made within 3 months of NFO.

The primary investment objective is to generate long-term capital appreciation from a portfolio that is substantially constituted of equity and equity-related securities, which are not a part of the top 100 stocks by market capitalization. The scheme will invest 65% to 100% of its assets in small and mid cap shares and the rest in large cap companies. The scheme will be benchmarked CNX Midcap.

Previous Stories
Other Stories
  Tata Fixed Maturity Plan Series 47 Scheme H Floats On (21-Apr)
  Reliance Fixed Horizon Fund XXVI Series 16 Floats On (21-Apr)
  Principal Pnb Fixed Maturity Plan Series B16 Floats On (21-Apr)
  LIC Nomura MF Capital Protection Oriented Fund Series 3 Floats On (21-Apr)
  ICICI Prudential Value Fund Series 4 Floats On (21-Apr)
  ICICI Prudential MF Launches Multiple Yield Fund Series 6 Plan D (21-Apr)
  ICICI Prudential Fixed Maturity Plan Series 74 367 Days Plan D Floats On (21-Apr)
  ICICI Prudential Fixed Maturity Plan Series 74 780 Days Plan E Floats On (21-Apr)
  UTI Fixed Maturity Plan Yearly Series Announces Dividend (21-Apr)
  SBI Debt Fund Series 366 Days 28 Announces Maturity (21-Apr)