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

Saturday, March 08, 2008 12:46 Hrs IST

DSP Merrill Lynch MF launches two FMP Series

NFO period from 5 March- 11 March 2008

Name of Fund: DSP Merrill Lynch Fixed Maturity Plan 13 Months Series 1 and DSP Merrill Lynch Fixed Maturity Plan 3 Months Series 6

Scheme: Both the funds are close-ended income schemes.

Objective: The primary investment objective of both 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: Both funds will invest can invest up to 100% in debt instruments and up to 100% in money market. These schemes may invest up to a maximum of 100% of the scheme’s net assets in domestic securitised debt.

Fund Opens: 5 March 2008

Fund Closes: 11 March 2008

Face Value: Rs 10.

Investment Options: These schemes 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 both the schemes due to its close-ended structure.

Exit Load: DSP Merrill Lynch FMP 13 Months Series 1 charges an exit load of 1.50%, if the investment is redeemed before the maturity date.

DSP Merrill Lynch FMP 3 Months Series 6- charges an exit load of 0.50%, 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 for both the schemes. Both schemes will have the investment under institutional plan will be of Rs.1 crore and in multiples of Re. 1 thereafter.

Target Amount: Rs 10 crore

Benchmark Index:

For DSP Merrill Lynch Fixed Maturity Plan 13 Months Series 1- CRISIL Short Term Bond Fund Index

For DSP Merrill Lynch Fixed Maturity Plan 3 Months Series 6- CRISIL Liquid Fund Index

Fund Manager: Mr. Dhawal Dalal

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