Thursday, February 21, 2008 09:57 Hrs IST
Crisil 'AAAf' rating to DSPML MF
For DSP Merrill Lynch Cash Plus Fund
Crisil has assigned AAAf rating to DSP Merrill Lynch Mutual Fund's DSP Merrill Lynch Cash Plus Fund, which indicates that the fundís portfolio will provide very strong protection against losses due to credit defaults.
Crisil's assessment of a bond fund's credit quality is based on the creditworthiness of the fund's portfolio, for which it has developed a credit quality matrix to assess the aggregate credit quality of a fund's underlying portfolio.
The fund is managed by DSP Merrill Lynch Fund Managers.