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Tuesday, September 16, 2014

DSP BlackRock Constant Maturity 10Y G-Sec Fund Floats On

NFO period is from 16 September to 23 September 2014 

DSP BlackRock Mutual Fund has launched a new plan named as DSP BlackRock Constant Maturity 10Y G-Sec Fund, an open-ended gilt scheme. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will open for subscription from 16 September to 23 September 2014. 

The investment objective of the Scheme is to seek to generate returns commensurate with risk from a portfolio of Government Securities with weighted average maturity of around 10 years. 

The scheme offers a choice of two options i.e. growth and dividend option (monthly & quarterly) with payout and reinvestment option. 

The scheme would allocate 95% 100% of assets in government securities with low to medium risk profile and invest upto 5% of assets in CBLO / repo or any other alternatives as may be provided by RBI with low risk profile. 

The minimum application amount is Rs 1000 and any amount thereafter. 

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period. Units of the scheme are proposed to be listed on Bombay Stock Exchange. 

Entry load: Not Applicable. 

Exit load: Holding period from the date of allotment:
< = 7 calendar days – 0.10%
> 7 calendar days – Nil. 

Benchmark Index for the scheme is CRISIL 10 Year Gilt Index. 

The scheme will be managed by Marzban Irani.
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