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Tuesday, January 13, 2009

DSP BR MF revises minimum application amount

With effect from 15 January 2009

DSP BlackRock Mutual Fund has announced the revision of minimum application amount for first time purchase of DSP BlackRock Savings Plus Fund - Aggressive, DSP BlackRock Savings Plus Fund - Moderate and DSP BlackRock Savings Plus Fund - Conservative, DSP BlackRock Liquidity Fund, DSP BlackRock Floating Rate Fund, DSP BlackRock Liquid Plus Fund, DSP BlackRock Cash Plus Fund and DSP BlackRock Short Term Fund.

The changes are effective on a prospective basis for all the investments made on or after 15 January 2009.

AS per revision, the scheme has decreased the minimum application amount to Rs 5000 from Rs 10000 for DSP BlackRock Savings Plus Fund - Aggressive, DSP BlackRock Savings Plus Fund - Moderate and DSP BlackRock Savings Plus Fund - Conservative.

The scheme has decreased the minimum application amount to Rs 5000 from Rs 25,000 for BlackRock Liquidity Fund, DSP BlackRock Floating Rate Fund, DSP BlackRock Liquid Plus Fund, DSP BlackRock Cash Plus Fund and DSP BlackRock Short Term Fund.

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