Wednesday, July 02, 2008 10:19 Hrs IST

DSP ML MF extends NFO period under FMP-3M-Series 11

NFO will close on 7 July 2008

DSP Merrill Lynch mutual fund has extended the closing date of new fund-offering (NFO) period of DSP Merrill Lynch Fixed Maturity Plan-3 Months-Series 11 to 7 July 2008 instead of 2 July 2008. The issue was opened for subscription on 27 June 2008.

DSP Merrill Lynch Fixed Maturity Plan- 3 Months- Series 11 is a close-ended income schemes with maturity profile of 3 months. The NFO price for the fund is Rs 10 per unit. The minimum investment amount is Rs. 5,000 and in multiple of Re 1 thereafter.

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.

The scheme has two options of growth and dividend reinvest.

DSP Merrill Lynch FMP- 3 Months -Series 11 will no entry load charged for the scheme due to its close-ended structure. The fund charges an exit load of 0.50%, if the investment is redeemed before the maturity date.