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

Wednesday, March 26, 2008 10:11 Hrs IST

DSP ML MF extends NFO period

NFO will close on 31 March 2008

DSP Merrill Lynch mutual fund has extended the new fund-offering (NFO) period of DSP Merrill Lynch Natural Resources And New Energy Fund from 27 March to 31 March 2008. The issue was opened for subscription on 3 March 2008.

DSP Merrill Lynch Natural Resources And New Energy Fund an open-ended equity growth scheme. The NFO price for the fund is Rs 10 per unit. 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.

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.

The secondary objective is to generate consistent returns by investing in debt and money market securities.

The scheme provides growth and dividend payout and reinvestment option.

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.

The fund will 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 will have an exposure of 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.

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