Saturday, March 01, 2008 10:39 Hrs IST

DSP ML MF files an offer document

Plans to launch DSP ML Equity Linked FMP Series

Name of Fund: DSP ML Equity Linked Fixed Maturity Plan- 24 Months and 36 Months- Series 1,2.

Scheme: These schemes are of close-ended income nature. DSP Merrill Lynch mutual fund, offering units of four schemes viz. DSP ML Equity Linked Fixed Maturity Plan- 24M– Series 1,2 each having a term of 24 months, DSP ML Equity Linked Fixed Maturity Plan- 36M– Series 1,2 having a term of 36 months, from their respective dates of allotment.

Objective: The investment objective of theses schemes is to seek to generate income through investment in debt securities with fixed and/or floating payouts linked to equity indices and/or underlying stocks/equity securities, as the case may be.

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 80-100% of its portfolio in debt instruments. It will invest 0-20% in money market instruments Debt instruments may include securitised debts up to 100% of the net assets. Debt instruments with fixed and/or floating payouts linked to equity indices and/or underlying stocks/equity securities up to 100% of the net assets.

Face Value: Rs 10.

Entry Load: There will charge 5% of initial value of Rs. 10 for applications not routed through an agent/distributor. No entry load will be charged on direct applications.

Exit Load: The scheme charges an exit load of 5% if the investment units are redeemed in before 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 1 crore.

Benchmark index: CRISIL Balanced Fund Index

Fund Manager: Mr. Dhawal Dalal