Monday, June 23, 2008 12:44 Hrs IST

DSP Merrill Lynch MF launches FMP 12 Months Series 1

NFO period from 23 June- 30 June 2008

Name of Fund: DSP Merrill Lynch Fixed Maturity Plan 12 Months Series 1

Scheme: It is a close-ended income schemes with maturity profile of 12 months.

Objective: The primary investment objective of 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.

Asset Allocation: The scheme will invest up to 100% in debt instruments and up to 100% in money market. It may invest up to a maximum of 100% of the scheme’s net assets in fixed income derivatives.

Fund Opens: 23 June 2008

Fund Closes: 30 June 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 reinvest option.

Entry Load: There will no entry load charged for the scheme due to its close-ended structure.

Exit Load: DSP Merrill Lynch FMP 12 Months Series 1 charges an exit load of 1.50%, if the investment is redeemed before the maturity date.

Minimum Investment Amount: The minimum investment amount under regular plan will be Rs. 10,000 and in multiples of Re. 1 thereafter for the scheme. The scheme will have the minimum investment amount under institutional plan of Rs.1 crore and in multiples of Re. 1 thereafter.

Fund Manager: Mr. Dhawal Dalal