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Friday, August 01, 2014

DSP BlackRock Global Allocation Fund Floats On

NFO period is from 01 August to 14 August 2014

DSP BlackRock Mutual Fund has launched a new fund named as DSP BlackRock Global Allocation Fund, an open ended fund of funds scheme investing in international fund. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 01 August to 14 August 2014. 

The primary investment objective of the Scheme is to seek capital appreciation by investing predominantly in units of BlackRock Global Funds - Global Allocation Fund (BGF - GAF).

The Scheme may also invest in the units of other similar overseas mutual fund schemes which may constitute a significant part of its corpus. The Scheme may also invest a certain portion of its corpus in money market securities and/ or money market/liquid schemes of DSP BlackRock Mutual Fund, in order to meet liquidity requirements from time to time.
The scheme offers growth & dividend (reinvestment / payout) option. 

The scheme shall invest upto 95%-100% of its asset in units of BGF-GAF or other similar overseas mutual fund schemes with high risk profile and invest upto 5% in money market securities and / or units of money market / liquid schemes of DSP BlackRock Mutual Fund with low to medium risk profile. 

The minimum application amount is Rs 1000 and in multiples of Re.1 thereafter. 

Entry load: Not applicable. 

Exit load: An exit load of 1% is payable if units are redeemed / switched-out on or before 12 months from the date of allotment in respect of each purchase / switch-in of units. 

No exit load is payable if units are redeemed / switched-out after 12 months from the date of allotment in respect of each purchase / switch-in of units. 

Benchmark Index for the scheme will be Composite Index (36% S&P 500, 24% FTSE World (ex-US), 24% Bof A ML US Treasury Current 5 year; 16% Citi group Non-USD World Government Bond Index).
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