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Thursday, January 09, 2014

DSP BlackRock Dynamic Asset Allocation Fund Floats On

NFO period is from 17 January to 31 January 2014 

DSP BlackRock Mutual Fund has unveiled a new fund named as DSP BlackRock Dynamic Asset Allocation Fund, an open ended Fund of Funds scheme. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 17 January and close on 31 January 2014. 

The investment objective of the scheme is to seek capital appreciation by managing the asset allocation between specified equity mutual funds schemes and debt mutual funds schemes of DSP BlackRock Mutual Fund. 

The scheme offers two plans i.e. regular & direct plan. Both the plans have two options viz. growth (default option) and dividend (payout dividend & re-investment dividend). 

The scheme will invest 10%-90% in units of DSP BlackRock Equity Fund and / or DSP BlackRock Top 100 Equity Fund and / or other specified schemes of DSP BlackRock Mutual Fund with high risk profile. Invest 10%-90% in units of DSP BlackRock Strategic Bond Fund and / or DSP BlackRock Short Term Fund and / or other specified schemes of DSP BlackRock Mutual Fund with medium risk profile. Invest upto 10% in money market securities and/or units of money market liquid schemes of DSP BlackRock Mutual Fund with low to medium risk profile. 

Minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. 

Entry load charge will be nil for the scheme. 

Exit load: Holding period from date of allotment: Less than or equal to one year: 1%, Greater then one year and less than or equal to two years: 0.5% and Greater than two years: Nil. 

Benchmark Index for the scheme is CRISIL Balanced Fund Index. 

The fund managers of the scheme are Apoorva Shah and Dhawal Dalal
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