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 scheme’s 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.