Thursday, December 21, 2006 10:58 Hrs IST

Extension of NFO of DSPML Tax Saver

NFO will now close on 26 December 2006

DSPML Mutual Fund has extended the offer period for DSPML Tax Saver Fund to 26 December 2006. The new fund offer (NFO) opened for subscription on 27 November 2006. The fund earlier was scheduled to close on 21December 2006.

The primary investment objective of the scheme is to generate medium to long-term capital appreciation from a diversified portfolio that is substantially constituted of equity and equity related securities of corporates, and to enable the investors to avail of a deduction from total income for tax purposes.

The scheme has an entry load of 2.25% in case of investment below Rs 50 million. In case of investments through SIP, the scheme carries an entry load of 1%. The scheme does not carry any exit load. The face value of the unit is Rs.10 per unit. The minimum investment amount under the scheme is Rs.500.

The scheme has a lock-in period of 3 years from the date of allotment.