With effect from 26 February 2011
DSP BlackRock Mutual Fund has announced that with effect from 26
February 2011 DSP BlackRock Savings Manager Fund – Conservative and DSP
BlackRock Savings Manager Fund – Moderate shall be merged into DSP
BlackRock Savings Manager Fund- Aggressive.
Post the said merger, the investment objective, asset allocation pattern
and name of DSP BlackRock Savings Manager Fund- Aggressive shall change
as follows:
Investment Objective: An open ended income scheme, seeking to
generate income, consistent with prudent risk, from a portfolio which is
substantially constituted of quality debt securities.
The DSP
BlackRock Savings Manager Fund- Aggressive will also seek to generate
capital appreciation by investing a smaller portion of its corpus in
equity and equity related securities of issuers domiciled in India.
Asset Allocation Pattern: The scheme would allocate 75% to 100%
of assets in debt and money market securities with low to medium risk
profile. It would further allocate upto 25% of assets in equity and
equity related securities with medium to high risk profile.
Name: DSP BlackRock Savings Manager Fund- Aggressive shall be renamed as DSP BlackRock Savings Manager Fund.