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Thursday, June 02, 2011 10:40 Hrs IST

DSP BlackRock Global Allocation Fund files offer document with Sebi

Open ended fund of funds scheme investing in international funds

DSP BlackRock Mutual Fund files offer document with Securities and Exchange Board of India (Sebi) to launch DSP BlackRock Global Allocation Fund, an open ended fund of funds scheme investing in international funds. The New Fund Offer price is Rs 10 per unit.

Investment objective: The primary investment objective of the Scheme is to seek capital appreciation by investing predominantly in units of BlackRock Global Funds - Global Allocation Fund (BGF - GAF). The Scheme may, at the discretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes, which may constitute a significant part of its corpus. The Scheme may also invest a certain portion of its corpus in money market securities and/ or money market/liquid schemes of DSP BlackRock Mutual Fund, in order to meet liquidity requirements from time to time.

Options offered: The scheme offers growth and dividend option. Dividend option offers payout and reinvest option.

Benchmark: 36% S&P 500 Composite; 24% FTSE World (ex-US), 24% ML US Treasury Current 5 Year, 16% Citigroup Non-USD World Government Bond Index

Exit Load The scheme will charge an exit load of 1% if redeemed before 12 months and thereafter the exit load will be nil.

Minimum Application Amount: Rs. 5,000 and in multiples of Re. 1 thereafter.

Minimum Targeted Amount: The Mutual Fund seeks to collect a minimum subscription amount of Rs 1 crore in the scheme during the NFO Period.

Asset Allocation: The scheme will invest 95% - 100% of assets in Units of BGF GAF or other similar overseas mutual fund scheme(s) with high risk profile. On the other side it would invest upto 5% of assets in money market securities and/or units of money market/liquid schemes of DSP BlackRock Mutual Fund with low to medium risk profile.

Fund Manager: Mr. Mehul Jani

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