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Friday, February 27, 2015

DSP BlackRock Ultra Short Term Fund Floats On

NFO period is from 27 February to 04 March 2015

DSP BlackRock Mutual Fund has launched a new plan named as DSP BlackRock Ultra Short Term Fund, an open ended income scheme. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 27 February to 04 March 2015. 

The investment objective of the scheme is to seek to generate returns commensurate with risk from a portfolio constituted of money market securities and / or debt securities.
The scheme offers growth option, daily dividend with reinvest option, weekly dividend, monthly dividend and quarterly payout option with payout & reinvest option. 

The scheme would allocate 80%-100% of assets in money market securities and / or debt securities with residual maturity or less than or equal to 1 year and upto 20% of assets in debt securities with residual maturity of greater than 1 year with low to medium 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. 

Entry load: Not applicable. 

Exit load: Nil. 

Benchmark Index for the scheme is 50% of CRISIL Composite CP Index + 50% of CRISIL Composite CD Index. 

The scheme will be managed by Laukik Bagwe. 
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