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Thursday, June 30, 2011 11:16 Hrs IST
DSP BlackRock MF Unveils Three Fixed Maturity Plan
DSP BlackRock Mutual Fund has unveiled three new schemes named as DSP BlackRock FMP – Series 3 – 3M, DSP BlackRock FMP – 6M – Series 9 and DSP BlackRock FMP – 12M – Series 25, close-ended income schemes, with maturity profile of 3 months, 6 months and 12 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:
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Scheme |
NFO Opening Date |
NFO Closing Date |
Maturity Date of the Scheme |
|
DSP BlackRock FMP – Series 3 – 3M |
4 July 2011 |
6 July 2011 |
5 October 2011 |
|
DSP BlackRock FMP – 6M – Series 9 |
5 July 2011 |
12 July 2011 |
9 January 2012 |
|
DSP BlackRock FMP – 12M – Series 25 |
5 July 2011 |
13 July 2011 |
19 July 2012 |
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 1 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 will be CRISIL Liquid Fund Index for schemes having maturity of upto 3 months. For schemes having maturity of more than 3 months the benchmark index is CRISIL Short Term Bond Fund Index
The schemes will be managed by Dhawal Dalal.
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