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Saturday, September 10, 2011 11:23 Hrs IST
DSP BlackRock MF Unveils Two Fixed Maturity Plan
DSP BlackRock Mutual Fund has unveiled two new schemes named as DSP BlackRock FMP – Series 11 – 3M and DSP BlackRock FMP – Series 12 – 12M, close-ended income schemes. 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 |
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DSP BlackRock FMP – Series 11 – 3M |
14 September 2011 |
19 September 2011 |
19 December 2011 |
|
DSP BlackRock FMP – Series 12 – 12M |
14 September 2011 |
19 September 2011 |
24 September 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 for DSP BlackRock FMP – Series 11 – 3M is CRISIL Liquid Fund Index and CRISIL Short Term Bond Fund Index for DSP BlackRock FMP – Series 12 – 12M.
The schemes will be managed by Dhawal Dalal.
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