Saturday, February 09, 2008 12:29 Hrs IST
DSP Merrill Lynch MF launches new FMP
NFO period from 11 February-26 February 2008
Name of Fund: DSP Merrill Lynch Fixed Maturity Plan 15 Months Series 2
Scheme: Close end income scheme. The scheme has tenure of 15 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 securitised debt.
Fund Opens: 11 February 2008
Fund Closes: 26 February 2008
Face Value: Rs 10.
Investment Options: The scheme has two plans i.e. regular and institutional plan. Both plans will provide growth and dividend reinvest option.
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 1.50%, if the investment is redeemed before the maturity date.
Minimum Investment Amount: The minimum investment amount under regular plan will be Rs. 25,000 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.
Target Amount: Rs 10 crore
Benchmark: CRISIL Short Term Bond Fund
Fund Manager: Mr. Dhawal Dalal