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Tuesday, September 22, 2009

DSP BlackRock FMP – 12.5M – Series 2 Floats On

NFO Period from 22 September - 24 September 2009

DSP BlackRock Mutual Fund has launched a new fund named as DSP BlackRock FMP – 12.5M – Series 2, a close-ended income scheme. The face value of the new issue will be Rs. 10 per unit. The new issue is open for subscription from 22 September 2009 and closes on 24 September 2009.

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.

Maturity date of the scheme would be 12.5 months from the date of allotment of units.

The scheme shall offer regular and institutional plan with growth and dividend payout options under each plan.

The minimum application amount for purchase of units in regular plan is Rs. 10,000/- and in multiples of Rs. 10/- thereafter. For institutional plan it is Rs. 1 crore and in multiple of Rs. 10/- thereafter.

The fund would invest 0% to 100% in debt securities and 0% to 100% in money market instruments. Debt securities may include securitized debts up-to 100% of the net assets and fixed income derivatives up-to 100% of the net assets.

The entry and exit load charge will not be applicable for the scheme.

Benchmark Index for the scheme is CRISIL Liquid Fund Index.

The fund manager of the scheme will be Dhawal Dalal.

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