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Friday, July 10, 2009

DSP BR MF announces changes

Effective on a prospective basis on and from 10 July 2009

DSP BlackRock Mutual Fund announced the change of names of DSP BlackRock Government Securities Fund – Plan B and DSP BlackRock Government Securities Fund – Plan A. The changes are effective on a prospective basis on and from 10 July 2009.

The name of DSP BlackRock Government Securities Fund – Plan B has been changed to DSP BlackRock Treasury Bill Fund. It is an open ended income scheme, seeking to generate income through investment in treasury bills and other central government securities having maturities of less than or equal to 1 year.

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, CBLO and any other money market instrument permitted by the RBI for deploying surplus liquidity: 0% - 100%

And the DSP BlackRock Government Securities Fund – Plan A (a plan under DSPBRGF) will be renamed as DSP BlackRock Government Securities Fund.

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