DSP BlackRock Mutual Fund has announced that DSP BlackRock Savings Manager Fund will be renamed as DSP BlackRock MIP Fund. Further, Monthly Income Plan and Quarterly Income Plan under the scheme will be renamed as Monthly Dividend and Quarterly Dividend respectively. The changes will be effective from 22 August 2011.
DSP BlackRock Savings Manager Fund is an open ended income scheme which has the investment objective to generate income, consistent with prudent risk, from a portfolio which is substantially constituted of quality debt securities. The scheme will also seek to generate capital appreciation by investing a smaller portion of its corpus in equity and equity related securities of issues domiciled in India.
Source: http://www.adityabirlamoney.com/news/498582/10/22,24/Mutual-Funds-Reports/DSP-BlackRock-Savings-Manager-Fund-to-Be-Renamed-as-DSP-BlackRock-MIP-Fund
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