Tuesday, January 17, 2012 10:34 Hrs IST

DSP BlackRock MF Launches Two Fixed Maturity Plan

With Different Closing Date

DSP BlackRock Mutual Fund has launched two new fixed maturity plan named as DSP BlackRock FMP – Series 30 – 3M and DSP BlackRock FTP – Series 6 – 24M, 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:

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 FMP – Series 30 – 3M would allocate 100% of assets in debt securities and money market securities with medium to low risk profile. Total gross exposure in debt and money market securities shall not exceed 100% of the net assets of the scheme.

DSP BlackRock FTP – Series 6 – 24M 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.

DSP BlackRock FMP – Series 30 – 3M will be benchmarked against CRISIL Liquid Fund Index and DSP BlackRock FTP – Series 6 – 24M will be benchmarked against CRISIL Short Term Bond Fund Index.

The schemes will be managed by Mr. Dhawal Dalal.