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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:
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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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