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Tuesday, November 11, 2014

DSP BlackRock MF Launches DSP BlackRock 3 Years Close Ended Equity Fund

NFO period is from 07 November to 21 November 2014

DSP BlackRock Mutual Fund has launched a new fund named as DSP BlackRock 3 Years Close Ended Equity Fund, a closed ended equity scheme. The tenure of the scheme shall be 36 months from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 07 November to 21 November 2014. 

The primary investment objective of the schemes is to generate capital appreciation by investing predominantly in portfolio of equity and equity related securities. 

The scheme offers growth (option A) and dividend (payout) (option B) options under both regular plan and direct plan. 

The scheme shall invest 65%-100% of assets in equity & equity related securities with high risk profile and invest up to 35% of assets in debt, money market securities, cash & cash equivalents with low to medium risk profile. 

The minimum application amount is Rs 1,000 and in multiples of Re 1 thereafter. 

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period. 

Entry Load: Not Applicable. 

Exit Load: Nil. 

Benchmark Index for the scheme will be CNX 500 Index. 

The fund managers of the scheme will be Vinit Sambre and Laukik Bagwe. 
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