DSP BlackRock Mutual Fund has launched a new fund named as DSP BlackRock FMP - 13 M - Series 2, a close ended income scheme. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 2 March and close on 9 March 2010.
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.
The duration of the scheme is 13 months from the date of allotment.
The scheme offers two options viz. growth and dividend payout option.
The scheme will allocate up to 100% of assets in debt securities with medium risk profile. It would further invest up to 100% of assets in money market instruments with low to medium risk profile. Debt instruments may include securitized debts up to 100% of the net assets and fixed income derivatives up to 100% of the net assets.
The minimum application amount is Rs 10000 and in multiples of Rs 10 thereafter.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period.
Entry load and exit load charge will be nil for the scheme. Units of the scheme will be listed on the National Stock Exchange of India (NSE).
Benchmark Index for the scheme is CRISIL Liquid Fund Index.
Source: http://profit.ndtv.com/2010/03/01113655/DSP-BlackRock-FMP--13-M--Ser.html
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.
The duration of the scheme is 13 months from the date of allotment.
The scheme offers two options viz. growth and dividend payout option.
The scheme will allocate up to 100% of assets in debt securities with medium risk profile. It would further invest up to 100% of assets in money market instruments with low to medium risk profile. Debt instruments may include securitized debts up to 100% of the net assets and fixed income derivatives up to 100% of the net assets.
The minimum application amount is Rs 10000 and in multiples of Rs 10 thereafter.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period.
Entry load and exit load charge will be nil for the scheme. Units of the scheme will be listed on the National Stock Exchange of India (NSE).
Benchmark Index for the scheme is CRISIL Liquid Fund Index.
Source: http://profit.ndtv.com/2010/03/01113655/DSP-BlackRock-FMP--13-M--Ser.html
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