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Monday, July 26, 2010 12:38 Hrs IST
DSP BlackRock MF Announces Changes under Various Schemes
With effect from 1 August 2010
DSP BlackRock Mutual Fund has announced changes under certain schemes with effect from 1 August 2010.
The minimum subscription amount for first purchase will be Rs 1 crore in Institutional Plan of DSP BlackRock Liquidity Fund, DSP BlackRock Floating Rate Fund, DSP BlackRock Money Manager Fund, DSP BlackRock Equity Fund, DSP BlackRock Opportunities Fund, DSP BlackRock Top 100 Equity Fund, DSP BlackRock Technology Fund, DSP BlackRock T.I.G.E.R Fund, DSP BlackRock Small and Mid Cap Fund, DSP BlackRock Natural Resources and New Energy Fund, DSP BlackRock World Gold Fund, DSP BlackRock World Energy Fund, DSP BlackRock World Mining Fund & DSP BlackRock Micro Cap Fund.
Minimum Subscription Amount for additional / subsequent purchase will be Rs 1000 in institutional plan of DSP BlackRock Strategic Bond Fund, DSP BlackRock Liquid Fund, DSP BlackRock Floating Rate Fund and DSP BlackRock Money Manager Fund.
Systematic Investment Plan (SIP) Facility will be available for DSP BlackRock Short Term Fund, Regular Plan of DSP BlackRock Floating Rate Fund and DSP BlackRock Money Manager Fund.
Minimum number of installments required for registering SIP in DSP BlackRock Tax Saver Fund will be 6 installments.
Minimum installment amount for SIP, SWP and STP will be Rs 500 for all schemes of the mutual fund which offer SIP, SWP and SIP facility.
There will be no restriction on the amount to be held in a folio to register SWP / STP in all schemes of mutual fund which offer SWP and STP facility.
The eligible schemes for Super SIP facility are DSP BlackRock Focus 25 Fund and Regular Plan of DSP BlackRock Technology.com Fund, DSP BlackRock Natural Resources and New Energy Fund, DSP BlackRock World Gold Fund, DSP BlackRock World Energy Fund, DSP BlackRock World Mining Fund & DSP BlackRock Micro Cap Fund.
The exit load charge for DSP BlackRock Strategic Bond Fund (Regular & Institutional Plan) has been revised. Accordingly, exit load charge will be 0.10% for holding period upto 7 calendar days and nil for above 7 calendar days.
Unit holders of the transferor schemes can opt to transfer their dividend to any other option under the regular plan of all the open ended schemes of the mutual fund by availing the facility of Dividend Transfer Plan (DTP).
DSP BlackRock Micro Cap Fund: Growth and dividend option will be available under the scheme. Dividend option would offer reinvest and payout facility.
Minimum subscription amount for first purchase in regular plan will be Rs 5000 and Rs 1 crore for institutional plan.
Minimum additional purchase amount for institutional plan will be Rs 1000.
Exit load charge will be 1% for holding period less than 24 months and nil for 24 months and above.
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