Monday, April 11, 2011 15:57 Hrs IST
DSPBR FMP – 12M – Series 21-26 files offer document with Sebi
Close ended income schemes
DSP BlackRock Mutual Fund files offer document with Securities and Exchange Board of India (Sebi) to launch DSP BlackRock Fixed Maturity Plan – 12 Months – Series 21, 22, 23, 24, 25 and 26, a close ended income schemes. The New Fund Offer price is Rs 10 per unit.
Investment objective: The primary investment objective of the Schemes is to seek capital appreciation by investing in a portfolio of debt and money market securities. The Scheme will invest only in such securities which mature on or before the date of maturity of the Schemes.
Options offered: Options – Growth (Option A) & Dividend Payout (Option B)
Benchmark: CRISIL Short Term Bond Fund Index
Loads: Entry Load – NIL
Exit Load – Not Applicable
Minimum Application Amount: Rs. 5,000 and in multiples of Re. 1 thereafter.
Minimum Targeted Amount: Rs. 10 crore in each of the schemes
Asset Allocation: The scheme will invest upto 100% in debt securities and money market securities. Total gross exposure in debt, money market securities and derivatives shall not exceed 100% of the net assets of each scheme. No Scheme shall invest in securitized debt.
No Scheme shall invest in fixed income derivatives instruments and in foreign debt securities.
Fund Manager: Mr. Dhawal Dalal