Wednesday, September 23, 2009 17:45 Hrs IST
DSP BlackRock FMP files offer document with Sebi
A close-ended income scheme
DSP BlackRock Mutual Fund has filed an offer document with Securities and Exchange Board of India (SEBI) to launch DSP BlackRock FMP – 13M – Series 2, 3; DSP BlackRock FMP – 18M – Series 2, 3 and DSP BlackRock FMP – 24M – Series 1, 2, a close-ended income schemes. The new fund offer (NFO) price for the scheme is Rs.10 per unit.
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 scheme will invest only in such securities which mature on or before the date of maturity of the schemes. The schemes may also use fixed income derivatives for hedging and portfolio balancing.
The schemes offer growth option and dividend payout options.
The scheme would invest 0-100% of asset in debt securities. Debt securities may include securitized debts up to 100% of each scheme's net assets. Debt instruments may include fixed income derivatives (only for hedging and portfolio balancing) up to 100% of each scheme's net assets. The scheme may invest 0-100% in money market instruments.
The minimum application amount is Rs 10000 and in multiple of Rs 10 thereafter.
The Mutual Fund seeks to collect a minimum subscription amount of Rs. 10 crore
in the schemes during the NFO period.
The schemes performance would be benchmarked against Crisil Liquid Fund Index.
The scheme will be managed by Dhawal Dalal.