Monday, January 24, 2011 10:21 Hrs IST
DSP BlackRock MF Announces Merger of Savings Manager Fund Conservative & Moderate to Aggressive
With effect from 26 February 2011
DSP BlackRock Mutual Fund has announced that with effect from 26 February 2011 DSP BlackRock Savings Manager Fund Conservative and DSP BlackRock Savings Manager Fund Moderate shall be merged into DSP BlackRock Savings Manager Fund- Aggressive.
Post the said merger, the investment objective, asset allocation pattern and name of DSP BlackRock Savings Manager Fund- Aggressive shall change as follows:
Investment Objective: An open ended income scheme, seeking to generate income, consistent with prudent risk, from a portfolio which is substantially constituted of quality debt securities. The DSP BlackRock Savings Manager Fund- Aggressive will also seek to generate capital appreciation by investing a smaller portion of its corpus in equity and equity related securities of issuers domiciled in India.
Asset Allocation Pattern: The scheme would allocate 75% to 100% of assets in debt and money market securities with low to medium risk profile. It would further allocate upto 25% of assets in equity and equity related securities with medium to high risk profile.
Name: DSP BlackRock Savings Manager Fund- Aggressive shall be renamed as DSP BlackRock Savings Manager Fund.