Monday, June 30, 2008 10:35 Hrs IST
DSP Merrill Lynch MF launches FMP 3 Months Series 11
NFO period from 27 June- 2 July 2008
Name of Fund: DSP Merrill Lynch Fixed Maturity Plan 3 Months Series 11
Scheme: It is a close-ended income schemes with maturity profile of 3 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. Debt instruments may include securitized debts up to 100% of the net assets. Debt instruments may include fixed income derivatives up to 100% of each schemes net assets.
Fund Opens: 27 June 2008
Fund Closes: 2 July 2008
Face Value: Rs 10.
Investment Options: The scheme has two options of growth and dividend reinvest.
Entry Load: There will no entry load charged for the scheme due to its close-ended structure.
Exit Load: DSP Merrill Lynch FMP 3 Months Series 11 charges an exit load of 0.50%, if the investment is redeemed before the maturity date.
Minimum Investment Amount: The minimum investment amount will be Rs. 10,000 and in multiples of Re. 1 thereafter.
Benchmark index: CRISIL Liquid Fund Index
Fund Manager: Mr. Dhawal Dalal