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

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.

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