Wednesday, May 18, 2011 14:42 Hrs IST

DSP BlackRock FMP – Series 1 to 10 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 Series 1 to 10, close ended income schemes. The duration of the schemes will be 1 month to 13 months from the respective date of allotment. 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: Growth (Option A) & Dividend Payout (Option B)

Benchmark: For Schemes having maturity of upto 3 months: CRISIL Liquid Fund Index

For Schemes having maturity of more than 3 months: CRISIL Short Term Bond Fund Index

Loads: Entry Load – NIL and exit load is 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