Thursday, August 28, 2008 11:22 Hrs IST
DSP ML MF garners Rs.350 crore through its 3 months FMP
NFO closed on 26 August 2008
DSP Merrill Lynch Mutual Fund has raised Rs 350 crore via DSP Merrill Lynch Fixed Maturity Plan -3 Months- Series 12 during its new fund offer period i.e. from 20 August to 26 August 2008.
It is a close-ended income schemes with maturity profile of 3 months. 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 plans i.e. regular and institutional plan. Both plans will provide growth and dividend option. The scheme will invest entire corpus in debt instruments and money market instruments.
The performance of the scheme will be benchmarked against CRISIL Liquid Fund Index. The fund manager for the scheme is Mr. Dhawal Dalal.