MASTER MIND FINNASSET: DSP BlackRock MF Launches DSP BlackRock FMP – Series 81 – 12M

Tuesday, December 04, 2012

DSP BlackRock MF Launches DSP BlackRock FMP – Series 81 – 12M

NFO period from 6 December 2012 to 6 December 2012

DSP BlackRock Mutual Fund has launched a new fixed maturity plan named as DSP BlackRock FMP – Series 81– 12M, a close-ended income scheme with the duration of 12 months. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 6 December 2012 and will close on 6 December 2012. The scheme will mature on 12 December 2012.

The primary investment objective of the scheme is to seek to generate returns and capital appreciation by investing in a portfolio of debt and money market securities. The scheme will invest only in such securities which mature on or before the date of maturity of the scheme.
The scheme offers a choice of two options, growth option and dividend payout option.

The scheme would allocate upto 100% of assets in debt securities and money market securities with low to medium risk profile.

The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter.

Entry and exit load charge will be nil for the scheme. Units of the scheme are proposed to be listed on Bombay Stock Exchange.

Benchmark Index for the scheme is Crisil Short Term Bond Fund Index.

The scheme will be managed by Dhawal Dalal.

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