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Tuesday, October 25, 2011 10:26 Hrs IST
DSP BlackRock MF Unveils Two Fixed Maturity Plan
DSP BlackRock Mutual Fund has unveiled two new fixed maturity plan named as DSP BlackRock FTP – Series 1 – 24M and DSP BlackRock FMP – Series 18 – 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:
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Scheme |
NFO Opening Date |
NFO Closing Date |
Maturity Date of the Scheme |
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DSP BlackRock FTP – Series 1 – 24M |
1 November 2011 |
14 November 2011 |
25 November 2013 |
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DSP BlackRock FMP – Series 18 – 12M |
2 November 2011 |
3 November 2011 |
8 November 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.
DSP BlackRock FTP – Series 1 – 24M would allocate 65% to 100% of assets in debt securities and upto 35% of assets in money market securities / instruments. The allocation to money market securities / instruments can go upto 100% of the net assets in situations when the investment manager is not able to source the required debt securities.
DSP BlackRock FMP – Series 18 – 12M 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.
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