Tuesday, October 04, 2011 07:03 Hrs IST
DSP BlackRock Unveils Fixed Maturity Plans-12M- Series 14
NFO Period from 03 October to 10 October 2011
DSP BlackRock Mutual Fund has unveiled new scheme named as DSP BlackRock FMP – 12M – Series 14, close-ended income scheme, with a maturity profile of 12 months from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 03 October and close on 10 October 2011.
The primary investment objective of the scheme is to seek 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. The scheme may also use fixed income derivatives for hedging and portfolio balancing.
Options offered: Options – Growth (Option A) & Dividend Payout (Option B)
Loads: Entry Load – NIL
The scheme will invest upto 100% in debt securities and money market securities. Total gross exposure in debt, money market securities and derivatives shall not exceed 100% of the net assets of each scheme. No Scheme shall invest in securitized debt. No Scheme shall invest in fixed income derivatives instruments and in foreign debt
The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 25 crore under the scheme during the NFO period.
Entry and exit load charge will be nil for the scheme.
Benchmark Index for the scheme is CRISIL Short Term Bond Fund Index.
The fund manager of the scheme will be Mr. Dhawal Dalal.