DSP BlackRock FMP – 3M – Series 26 : NFO

by khalid on 26/12/2010 · 0 comments

DSP BlackRock Mutual Fund has launched a New Fund Offer (NFO) named as DSP BlackRock FMP – 3M – Series 26 , a close ended growth scheme. The objective of the scheme would be to to seek capital appreciation by investing in a portfolio of debt and money market securities. The Scheme will invest only in such securities which mature on or before the date of maturity of the Schemes. The Schemes may also use fixed income derivatives for hedging and portfolio balancing. DSP BlackRock Mutual Fund is managed by DSP BlackRock Investment Managers Pvt. Ltd. with the objective that experienced investment professionals, using a disciplined process and sophisticated analytical tools, can consistently add value to client portfolios.

The scheme would allocate up to 100% of assets in Government of India dated Securities and Treasury Bills, PSU & Corporate Bonds/Debt Instruments, Money Market Instruments. Exposure to securitized debt may be to the extent of 40% of the net assets.

Presently, two options are available under the scheme viz. Growth and dividend option.

Entry load charge as well as exit load charge will be nil for the scheme. The exit load is not applicable since the scheme will be listed on National Stock Exchange. The Units are proposed to be listed on NSE or any other recognized Stock Exchange as may be approved by the Trustee, within 5 business days of allotment.

Mr Dhawal Dalal will manage the fund.

Fund NameDSP BlackRock Mutual Fund
Scheme NameDSP BlackRock FMP – 3M – Series 26
Scheme CategoryClose Ended (Growth)
NFO Launch Date24th Dec 2010
NFO Closure Date27th Dec 2010
NFO Price (Rs) 10
Min. Subscription Amount(Rs) 10,000

For Further Details Please Visit Website : www.dspblackrock.com

Related Posts Plugin for WordPress, Blogger...

Leave a Comment

Previous post:

Next post: