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News 1x1pix.gif (807 bytes)
1x1pix.gif (807 bytes)

Monday, November 26, 2007 15:00 Hrs IST

DSP Merrill Lynch MF launches new Fixed Maturity Fund

NFO period from 22 November 2007- 27 November 2007

Name of Fund: DSP Merrill Lynch Fixed Maturity Plan 3 Months Series I

Scheme: Close end debt scheme. The scheme has tenure of 18 months.

Objective: The primary investment objective of the schemes is to seek capital appreciation by investing in a portfolio of debt and money market securities. It is envisaged that the portfolio of each scheme will display a maturity profile that is generally in line with the term of the scheme. The schemes may also use fixed income derivatives for hedging and portfolio balancing.

Asset Allocation: The fund will invest can invest up to 100% in debt instruments and up to 100% in money market. The scheme may invest up to a maximum of 100% of the scheme’s net assets in domestic securitised debt.

Fund Opens: 22 November 2007

Fund Closes: 27 November 2007

Face Value: Rs 10.

Investment Options: The scheme has two options growth option and dividend option. The dividend option offers dividend reinvestment facility.

Entry Load: There will no entry load charged for the scheme due to its close-ended structure.

Exit Load: The scheme charges an exit load of 0.50%, if the investment is redeemed before the maturity date.

Minimum Investment Amount: The minimum investment amount under regular plan will be Rs. 25000/- and in multiples of Re. 1/- thereafter. The investment under institutional plan will be of Rs.1 crore and in multiples of Re. 1/- thereafter.

Fund Manager: Mr. Dhawal Dalal

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