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Friday, February 17, 2012 10:35 Hrs IST
DSP BlackRock MF Launches Two Fixed Maturity Plan
DSP BlackRock Mutual Fund has launched two new fixed maturity plan named as DSP BlackRock FMP – Series 35 – 3M and DSP BlackRock FMP – Series 36 – 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 |
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DSP BlackRock FMP – Series 35 – 3M |
21 February 2012 |
23 February 2012 |
24 May 2012 |
|
DSP BlackRock FMP – Series 36 – 12M |
24 February 2012 |
28 February 2012 |
4 March 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 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.
The fund seeks to collect a minimum subscription amount of Rs 25 crore under each scheme during the NFO period.
Entry and exit load charge will be nil for the schemes. Units of the schemes are proposed to be listed on Bombay Stock Exchange.
Benchmark Index for DSP BlackRock FMP – Series 36 – 12M is CRISIL Short Term Bond Fund Index and CRISIL Liquid Fund Index for DSP BlackRock FMP – Series 35 – 3M.
The schemes will be managed by Dhawal Dalal.
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