Tuesday, June 14, 2011 10:33 Hrs IST

DSP BlackRock MF Unveils Two Fixed Maturity Plan

NFO Period from 17 June to 20 June 2011

DSP BlackRock Mutual Fund has unveiled two new schemes named as DSP BlackRock FMP – 12M – Series 23 and DSP BlackRock FMP – Series 1 – 3M, close-ended income schemes, with maturity profile of 12 months and 3 months respectively from the date of allotment. DSP BlackRock FMP – 12M – Series 23 would mature on 25 June 2012 and DSP BlackRock FMP – Series 1 – 3M would mature on 19 September 2011.The New Fund Offer (NFO) price for the schemes is Rs 10 per unit. The new issue will be open for subscription from 17 June and close on 20 June 2011.

The primary investment objective of the schemes is to seek to generate returns and 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 schemes.

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.

The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter.

Entry and exit load charge will be nil for the schemes. Units of the schemes are proposed to be listed on Bombay Stock Exchange.

Benchmark Index for DSP BlackRock FMP – Series 1 – 3M is CRISIL Liquid Fund Index and CRISIL Short Term Bond Fund Index for DSP BlackRock FMP – 12M – Series 23.

The schemes will be managed by Dhawal Dalal.