DSP BlackRock FMP - 12.5M - Series 2 floats on
Bangalore: DSP BlackRock Mutual Fund has launched a new fund named as 'DSP BlackRock FMP - 12.5M - Series 2', a close-ended income scheme. The face value of the new issue is 
10 per unit. The new issue is open for subscription from September 22 and closes on September 24, 2009.
The primary investment objective of the scheme is to seek capital appreciation by investing in a portfolio of debt and money market securities. It is envisaged that the scheme will invest only in such securities which mature on or before the date of maturity of the scheme. The scheme may also use fixed income derivatives for hedging and portfolio balancing. Maturity date of the scheme would be 12.5 months from the date of allotment of units.
The scheme shall offer regular and institutional plan with growth and dividend payout options under each plan. The minimum application amount for purchase of units in regular plan is 10,000 and in multiples of 10 thereafter. For institutional plan, it is 1 crore and in multiple of 10 thereafter.
The entry and exit load charge will not be applicable for the scheme. Benchmark Index for the scheme is CRISIL Liquid Fund Index. Dhawal Dalal is appointed Fund Manager of the scheme.
10 per unit. The new issue is open for subscription from September 22 and closes on September 24, 2009.
The primary investment objective of the scheme is to seek capital appreciation by investing in a portfolio of debt and money market securities. It is envisaged that the scheme will invest only in such securities which mature on or before the date of maturity of the scheme. The scheme may also use fixed income derivatives for hedging and portfolio balancing. Maturity date of the scheme would be 12.5 months from the date of allotment of units.
The scheme shall offer regular and institutional plan with growth and dividend payout options under each plan. The minimum application amount for purchase of units in regular plan is 10,000 and in multiples of 10 thereafter. For institutional plan, it is 1 crore and in multiple of 10 thereafter.
The entry and exit load charge will not be applicable for the scheme. Benchmark Index for the scheme is CRISIL Liquid Fund Index. Dhawal Dalal is appointed Fund Manager of the scheme.