Tuesday, September 13, 2011 14:57 Hrs IST

DSP BlackRock FMP – Series 21-40 files offer document with Sebi

Close ended income schemes

DSP BlackRock Mutual Fund files offer document with Sebi to launch DSP BlackRock FMP – Series 21-40, close ended income schemes. The New Fund Offer price is Rs 10 per unit. The scheme will have tenure of 1 month to 13 months from the respective date of allotment.

Investment objective: The primary investment objective of the scheme is to seek 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 scheme.

Options offered: Growth (Option A) & Dividend Payout (Option B)

Benchmark:

For Schemes having maturity of upto 3 months: CRISIL Liquid Fund Index

For Schemes having maturity of more than 3 months: CRISIL Short Term Bond Fund Index

Loads:

Entry Load – NIL

Exit Load – Not Applicable

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

Minimum Target Amount: The Mutual Fund seeks to collect a minimum subscription amount of Rs. 25 crore in each of the schemes during the NFO period.

Asset Allocation: The scheme shall invest 100% in debt securities and money market securities. Each scheme shall have a separate portfolio. No scheme shall invest in securitized debt.

Fund Manager: Mr. Dhawal Dalal