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Tuesday, November 06, 2012

DSP BlackRock Cash Manager Fund files offer document with Sebi

Open Ended Income (Liquid) Scheme 

DSP BlackRock Mutual Fund has filed offer document with Sebi to launch DSP BlackRock Cash Manager Fund, an open ended income (liquid) scheme. The New Fund Offer price is Rs 10 per unit. 

Investment objective: The investment objective of the Scheme is to seek to generate a reasonable return commensurate with low risk and a high degree of liquidity, from a portfolio constituted of money market securities and high quality debt securities. 

Options: The scheme offers growth and dividend option. Dividend option will have daily, weekly, monthly and quarterly dividend options. 

Asset Allocation: The scheme shall invest upto 100% of assets in money market securities and / or debt securities with maturity upto 60 days with low risk profile. 

Benchmark: The Schemes performance will be benchmarked against CRISIL Liquid Fund Index. 

Loads: Entry and exit load charge will be nil. 

Minimum Application Amount: Rs. 5,000 and in multiples of Rs 1 thereafter. 

Minimum Target Amount: The Mutual Fund seeks to collect a minimum subscription amount of Rs. 10 crore in scheme during the NFO period. 

Fund Manager: The scheme will be managed by Laukik Bagwe.
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