Friday, July 04, 2008 14:55 Hrs IST
DSP ML MF garners Rs.180 crore through its FMP-12M-Series 1
Major exposure to fixed income securities
DSP Merrill Lynch Mutual Fund has collected Rs 180 crores via DSP Merrill Lynch Fixed Maturity Plan 12 Months Series 1 during its new fund offer period i.e. from 23 June to 30 June 2008.
It is a close-ended income schemes with maturity profile of 12 months. The primary investment objective of the schemes is to seek capital appreciation by investing in a portfolio of debt and money market securities.
The scheme has two plans i.e. regular and institutional plan. Both plans will provide growth and dividend reinvest option.