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News 1x1pix.gif (807 bytes)
1x1pix.gif (807 bytes)

Friday, October 03, 2008 10:43 Hrs IST

DSP ML MF commences 3 months plan

NFO from 3 October to 6 October 2008

DSP Merrill Lynch Mutual Fund has unveiled DSP Merrill Lynch Fixed Maturity Plan 3 Months -Series 16 on 3 October 2008. The NFO will close on 6 October 2008. The new offer price of units Rs 10 per unit.

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 scheme will display a maturity profile that is generally in line with the term of the scheme.

The scheme will invest entire corpus in debt instruments with medium risk and money market instruments with low to medium risk profile. It may invest up to a maximum of 100% of the scheme’s net assets in fixed income derivatives. 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 i.e. regular and institutional plan. Both plans will provide growth and dividend reinvest option.

DSP Merrill Lynch FMP 3 Months -Series 16 will not charge an entry load for the scheme due to its close-ended structure. However, it will charge an exit load of 0.50%, if the investment is redeemed before the maturity date.

The minimum investment amount under regular plan will be Rs. 10,000 and in multiples of Re. 1 thereafter for the scheme. The minimum investment amount under institutional plan will be Rs. 1 crore and in multiples of Re. 1 thereafter.

The benchmark index of the scheme is Crisil Liquid Fund Index.

Dhawal Dalal will manage the investments of the scheme.

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