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News 1x1pix.gif (807 bytes)
1x1pix.gif (807 bytes)

Thursday, January 05, 2012 11:41 Hrs IST

DSP BlackRock MF Unveils Three Fixed Maturity Plan

With Different Closing Date

DSP BlackRock Mutual Fund has unveiled three new fixed maturity plan named as DSP BlackRock FMP Series 28 6M, DSP BlackRock FMP Series 29 3M and DSP BlackRock FTP Series 5 18M, 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:

Name of Plans

NFO Opening Date

NFO Closing Date

Maturity Date

DSP BlackRock FMP Series 28 6M

9 January 2012

9 January 2012

9 July 2012

DSP BlackRock FMP Series 29 3M

9 January 2012

10 January 2012

10 April 2012

DSP BlackRock FTP Series 5 18M

9 January 2012

11 January 2012

17 July 2013

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 65% to 100% of assets in debt securities and upto 35% of assets in money market securities / instruments. Debt securities may include securitized debt instruments upto 50% of the net assets. 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.

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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