Tuesday, November 22, 2011 07:06 Hrs IST

DSP BlackRock Unveils FMP Series 2 - 24M

NFO Period from 24 November to 29 November 2011

DSP BlackRock Mutual Fund has unveiled new scheme named as DSP BlackRock FMP – 24M – Series 2, 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 24 November and close on 29 November 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) Entry and exit load charge will be nil for the schemes. Units of the schemes are proposed to be listed on Bombay Stock Exchange.

The scheme 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.