Thursday, January 17, 2008 09:36 Hrs IST
Introduction of Institutional Plan in DSPML Technology.com
The changes will be effective from 15 January 2008
With effect from January 15, 2008, DSPML Mutual Fund has introduced an institutional plan under DSPML Technology.com. After the introduction, the existing plan will be referred to as DSPML Technology.com-Regular Plan.
Features of Institutional Plan
The eligible investors under the institutional plan would be banking companies, public financial institutions, insurance companies, FIIs, pension funds, portfolio managers NBFCs and provident funds.
The minimum application amount would be Rs 5 crore and subsequent purchase for a minimum amount of Rs 5 lakh.
There will no entry or exit load.
The estimated recurring expenses would be 1.45% on an annual basis.
It will offer growth and dividend options. The dividend option will offer payout and reinvestment facility.
However, the Regular and Institutional Plan will have the same investment objective, a common portfolio and the same benchmark index.