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

Monday, March 03, 2008 11:12 Hrs IST

DSP Merrill Lynch MF launches Natural Resources And New Energy Fund

NFO period from 3 March-27 March 2008

Name of Fund: DSP Merrill Lynch Natural Resources And New Energy Fund

Scheme: It is an open-ended equity growth scheme.

Objective: The primary investment objective of the scheme is to seek to generate capital appreciation and provide long term growth opportunities by investing in equity and equity related securities of companies domiciled in India whose pre-dominant economic activity is in the discovery, development, production, or distribution of natural resources, viz., energy, mining etc; alternative energy and energy technology sectors, with emphasis given to renewable energy, automotive and on-site power generation, energy storage and enabling energy technologies.

Asset Allocation: The fund will invest can invest 65-100% in equity and equity related securities of companies domiciled in India, and principally engaged in the discovery, development, production or distribution of natural resources and alternative energy.

It may invest 0-35% in equity and equity related securities of companies domiciled overseas, and principally engaged in the discovery, development, production or distribution of natural resources and alternative energy, in units/shares of Merrill Lynch International Investment Funds – New Energy Fund, Merrill Lynch International Investment Funds – World Energy Fund and similar other overseas mutual fund schemes. The scheme may invest 0-20% of the scheme’s net assets in debt and money market securities.

Fund Opens: 3 March 2008

Fund Closes: 27 March 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 payout and reinvestment option.

Entry Load: The scheme charges an entry load under regular plan and not for institutional plan.

Accordingly, under regular plan, there will be 2.25% an entry load be charged for the purchase amount less than Rs. 5 crore and for purchase amount greater than or equal to Rs. 5 crore, it may not levy any entry load.

Institutional plan does not carry any entry load.

Exit Load:

Under regular plan, the scheme charges an exit load for holding period from date of allotment up to 6 months, it may levy 1% an exit load, it reduced to 0.50% if redemption is made on or after 6 months but before 12 months. If redemption is done on or after 12 months, it may not ask any exit load.

Institutional plan may not impose exit load.

Minimum Investment Amount: The minimum investment amount under regular plan will be Rs. 5,000 and in multiples of Re. 1 thereafter. The investment under institutional plan will be of Rs.5 crore and in multiples of Re. 1 thereafter.

Target Amount: Rs 1 crore

Benchmark Index: 35% BSE Oil & Gas; 30% BSE Metals; and 35% MSCI World Energy

Fund Manager: Mr. Anup Maheshwari

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