Tuesday, March 15, 2011 09:55 Hrs IST
DSP BlackRock MF Unveils Two Fixed Maturity Plan
NFO Period from 17 March to 21 March 2011
DSP BlackRock Mutual Fund has unveiled two new schemes named as DSP BlackRock FMP – 3M – Series 32 and DSP BlackRock FMP – 12M – Series 17, close-ended income schemes, with a maturity profile of 3 months and 12 months respectively from the date of allotment. The New Fund Offer (NFO) price for the schemes is Rs 10 per unit. The new issue will be open for subscription from 17 March and close on 21 March 2011.
The primary investment objective of the schemes is to seek capital appreciation by investing in a portfolio of debt and money market securities. The schemes will invest only in such securities which mature on or before the date of maturity of the scheme. 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 to medium risk profile. Debt securities may include fixed income derivatives (only for hedging and portfolio re-balancing) upto 50% of the net assets.
The minimum application amount for DSP BlackRock FMP – 3M – Series 32 is Rs 10000 and in multiples of Rs 1 thereafter. The minimum application amount for DSP BlackRock FMP – 12M – Series 17 is Rs 5000 and in multiples of Rs 1 thereafter.
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 for DSP BlackRock FMP – 3M – Series 32 is CRISIL Liquid Fund Index and CRISIL Short Term Bond Fund Index for DSP BlackRock FMP – 12M – Series 17.
The fund manager of the schemes will be Mr. Dhawal Dalal.