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

Tuesday, February 12, 2008 13:02 Hrs IST

DSP ML MF files an offer document

Plans to launch DSP ML FMP Series

Name of Fund: DSP ML Fixed Maturity Plan- Series 3 Months, 6 Months, 12 Months and 13 Months.

Scheme: These schemes are of close-ended income nature. DSP Merrill Lynch mutual fund, offering units of eight schemes viz. DSP Merrill Lynch FMP 3M Series 6, 7, 8, 9, each having a term of 3 months, DSP Merrill Lynch FMP - 6M Series 5, 6, each having a term of 6 months, DSP Merrill Lynch FMP 12 M Series 1, having a term of 12 months and DSP Merrill Lynch FMP 13M Series 1, having a term of 13 months, from their respective dates of allotment.

Objective: The investment objective of theses schemes is to seek capital appreciation by investing in a portfolio of debt and money market securities.

Investment options: These schemes have two plans i.e. regular and institutional plans. The scheme offers growth option and dividend reinvestment option.

Asset Allocation: The scheme will invest 0-100% of its portfolio in debt instruments. It will invest 0-100% in money market instruments Debt instruments may include securitised debts up to 100% of the net assets.

Face Value: Rs 10.

Entry Load: There will be no entry load charged as the scheme is of close-ended nature.

Exit Load: For DSP Merrill Lynch FMP 3M Series 6, 7, 8, 9 the schemes charges an exit load of 0.50% if the investment units are redeemed in before maturity date.

Under DSP Merrill Lynch FMP - 6M Series 5, 6, there will be 0.75% an exit load charged for redemption made before maturity date.

Both DSP Merrill Lynch FMP 12 M Series 1 and DSP Merrill Lynch FMP 13M Series 1 may charge an exit load of 1.50% in respect of units redeemed before the maturity date.

Minimum Investment Amount: The minimum investment amount under regular plan is Rs.25000 and in multiples of Re 1 thereafter. For institutional plan the minimum investment amount is Rs 1 crore and in multiples of Re 1 thereafter.

Targeted amount: Rs 10 crore.

Benchmark index: For DSP Merrill Lynch FMP 3M Series 6, 7, 8, 9 and DSP Merrill Lynch FMP - 6M Series 5, 6: CRISIL Liquid Fund Index

For DSP Merrill Lynch FMP 12 M Series 1 and DSP Merrill Lynch FMP 13M Series 1: CRISIL Short Term Bond Fund Index for

Fund Manager: Mr. Dhawal Dalal

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