Friday, July 08, 2011 10:42 Hrs IST

DSP BlackRock Long Term 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 Long Term FMP – Series 1 to 10, close ended income schemes. The tenure of the scheme would be 12 months to 60 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 generate returns and 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: Options – Growth (Option A) & Dividend Payout (Option B)

Benchmark Index: For Schemes having maturity of upto 36 months: CRISIL Short Term Bond Fund Index.

For Schemes having maturity of more than 36 months: CRISIL Composite Bond Fund Index.

Loads: Entry Load – NIL

Exit Load – Not Applicable

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

Minimum Targeted Amount: Rs. 10 crore in each of the scheme.

Asset Allocation: The scheme would invest upto 100% of assets in Government Securities and/or securities unconditionally guaranteed by the Central/State Government for repayment of principal and interest with low risk profile. Upto to 100% of assets in Debt securities issued by Public Sector Undertakings (PSU) with low to medium risk profile. Upto 100% of assets in Debt securities issued by private sector corporate including banks and financial institutions with low to medium risk profile. Upto 50% of assets in securitized debt with low to medium risk profile. Upto 100% of assets in money market instruments with low risk profile.

Fund Manager: Mr. Dhawal Dalal