Tuesday, February 22, 2011 09:59 Hrs IST

DSP BlackRock MF to Revise Exit Load Structure under Two Schemes

With effect from 1 March 2011

DSP BlackRock Mutual Fund has decided to revise the exit load structure for DSP BlackRock Bond Fund and DSP BlackRock Short Term Fund with effect from 1 March 2011.

Accordingly, the exit load charge for both the schemes will be 0.50% for holding period less than or equal to 6 months from the date of allotment and nil for holding period more than 6 months from the date of allotment.

DSP BlackRock Bond Fund is an open ended income scheme which has the investment objective to generate an attractive return, consistent with prudent risk, from a portfolio which is substantially constituted of high quality debt securities, predominantly of issuers domiciled in India. As a secondary objective, the scheme will seek capital appreciation.

DSP BlackRock Short Term Fund is an open income scheme which has the investment objective to generate income commensurate with prudent risk, from a portfolio constituted of money market securities, floating rate debt securities and debt securities.