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Tuesday, December 10, 2013

DSP BlackRock FMP – Series 130 - 12M Floats On

NFO period is from 12 December to 19 December 2013 

DSP BlackRock Mutual Fund has launched a new fixed maturity plan named as DSP BlackRock FMP – Series 130 – 12M, a close-ended income scheme with the duration of 12 months from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will open for subscription only from 12 December to 19 December 2013. 

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 with regular payout and Quarterly 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 Fund Index. 

The scheme will be managed by Dhawal Dalal. 
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