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Friday, June 04, 2010 10:57 Hrs IST
DSP BlackRock MF Launches 3 Months & 12 Months Scheme
DSP BlackRock Mutual Fund has floated two new schemes named as DSP BlackRock FMP – 3M – Series 17 and DSP BlackRock FMP – 12M – Series 5, close-ended income schemes. The New Fund Offer (NFO) price for the schemes is Rs 10 per unit.
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Name of the Plan |
New Fund Offer opens on |
New fund Offer closes on |
Duration |
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DSP BlackRock FMP – 3M – Series 17 |
4-June-10 |
9-June-10 |
3 months |
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DSP BlackRock FMP – 12M – Series 5 |
4-June-10 |
14-June-10 |
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 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 a choice of two options, growth option and dividend payout option.
The schemes would allocate up to 100% of assets in debt securities and money market securities with low risk profile. Debt securities may include securitized debts up to 100% of each scheme's net assets.
The minimum application amount is Rs 10000 and in multiples of Rs 10 thereafter.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore in the schemes during the NFO period.
Entry and exit load charge will be nil for the schemes. Units of schemes are proposed to be listed on the National Stock Exchange of India.
Benchmark Index is CRISIL Liquid Fund Index for DSP BlackRock FMP – 3M – Series 17 and CRISIL Short Term Bond Fund Index for DSP BlackRock FMP – 12M – Series 5.
The fund manager of the schemes will be Mr. Dhawal Dalal.
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