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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.
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