DSP BlackRock FMP - 12.5M - Series 2 floats on
Thursday, 24 September 2009, 19:41 IST
By SiliconIndia
By SiliconIndia
Bangalore: DSP BlackRock Mutual Fund has launched a new fund named as 'DSP BlackRock FMP - 12.5M - Series 2', a close-ended income scheme. The face value of the new issue is Rs.10 per unit. The new issue is open for subscription from September 22 and closes on September 24, 2009.
The primary investment objective of the scheme is to seek capital appreciation by investing in a portfolio of debt and money market securities. It is envisaged that 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. Maturity date of the scheme would be 12.5 months from the date of allotment of units.
The scheme shall offer regular and institutional plan with growth and dividend payout options under each plan. The minimum application amount for purchase of units in regular plan is Rs.10,000 and in multiples of Rs.10 thereafter. For institutional plan, it is Rs.1 crore and in multiple of Rs.10 thereafter.
The entry and exit load charge will not be applicable for the scheme. Benchmark Index for the scheme is CRISIL Liquid Fund Index. Dhawal Dalal is appointed Fund Manager of the scheme.
The primary investment objective of the scheme is to seek capital appreciation by investing in a portfolio of debt and money market securities. It is envisaged that 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. Maturity date of the scheme would be 12.5 months from the date of allotment of units.
The scheme shall offer regular and institutional plan with growth and dividend payout options under each plan. The minimum application amount for purchase of units in regular plan is Rs.10,000 and in multiples of Rs.10 thereafter. For institutional plan, it is Rs.1 crore and in multiple of Rs.10 thereafter.
The entry and exit load charge will not be applicable for the scheme. Benchmark Index for the scheme is CRISIL Liquid Fund Index. Dhawal Dalal is appointed Fund Manager of the scheme.
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