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Friday, June 05, 2009

DSP BR Government Securities Fund announce various changes

With effect from 10 July 2009

DSP BlackRock announced changes in the fundamental attributes of DSP BlackRock Government Securities Fund - Plan B. The change will be effective on a prospective basis on and from 10 July 2009.

The changes are as follows:

The fund has renamed as DSP BlackRock Treasury Bill Fund

Scheme Type: Open ended income scheme

Investment Objective: The primary investment objective of the scheme is to generate income through investment in a portfolio comprising treasury bills and other central government securities with a residual maturity of less than or equal to 1 year.

Asset allocation: Treasury bills issued by the government of India, repo/reverse repo, CBOL, and any other money market instrument permitted by the RBI for deploying surplus liquidity: 0%- 100%

The AMC also announced the exit option without any exit load from 10 June 2009 to 09 July 2009(both days inclusive and upto the cut-off time on 09 July 2009).

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