Saturday, September 13, 2008 10.30 Hrs IST
DSP ML MF launches FMP 12 Months Series 4
NFO period from 12 September 2008- 17 September 2008
DSP Merrill Lynch Mutual Fund has unveiled DSP Merrill Lynch Fixed Maturity Plan 12 Months Series 4 on 12 September 2008. The NFO will close on 17 September 2008. The new offer price of units Rs 10 per unit.
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. 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 will invest up to 100% in debt instruments and money market instruments. Debt securities may include securitised debt up to 100% of net assets. Debt instruments may include fixed income derivatives only for hedging and portfolio balancing up to 100% of schemes net assets.
The scheme has two plans regular and institutional plans with growth and dividend reinvest options.
There will no entry load charged for the scheme due to its close-ended structure.
DSP Merrill Lynch FMP 12 Months Series 4 charges an exit load of 1.50%, if the investment is redeemed before the maturity date.
The minimum investment amount under regular plan is Rs. 10,000 and in multiples of Re. 1 thereafter and Rs 1 crore and in multiples of Re. 1 thereafter for institutional investors.
The benchmark index of the scheme is Crisil Short Term Bond Fund Index.
Dhawal Dalal will manage the investments of the schemes.