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News 1x1pix.gif (807 bytes)
1x1pix.gif (807 bytes)

Tuesday, June 21, 2011 10:30 Hrs IST

DSP BlackRock MF Unveils Two Fixed Maturity Plan

DSP BlackRock Mutual Fund has unveiled two new schemes named as DSP BlackRock FMP 12M Series 24 and DSP BlackRock FMP Series 2 3M, close-ended income schemes, with maturity profile of 12 months and 3 months respectively from the date of allotment. The New Fund Offer (NFO) price for the schemes is Rs 10 per unit. The new issue opening and closing dates are as follows:

Scheme

NFO Opening Date

NFO Closing Date

Maturity Date of the Scheme

DSP BlackRock FMP 12M Series 24

21 June 2011

28 June 2011

3 July 2012

DSP BlackRock FMP Series 2 3M

22 June 2011

27 June 2011

26 September 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 2 3M is CRISIL Liquid Fund Index and CRISIL Short Term Bond Fund Index for DSP BlackRock FMP 12M Series 24.

The schemes will be managed by Dhawal Dalal.

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