Mumbai: DSP BlackRock Mutual Fund has launched a new fund DSP BlackRock Focus 25 Fund, an open ended equity growth scheme. The face value of the new issue will be Rs 10 per unit. The New Fund Offer (NFO) will be open for subscription from April 23 to May 21, 2010. The scheme re-opens for continuous sale and repurchase not later than June 20, 2010. The primary investment objective of the Scheme is to generate long-term capital growth from a portfolio of equity and equity-related securities including equity derivatives. The portfolio will largely consist of companies, which are amongst the top 200 companies by market capitalisation. The portfolio will limit exposure to companies beyond the top 200 companies by market capitalization up to 20 percent of the net asset value. The scheme offers growth and dividend option. Dividend option offers payout and reinvestment facility. The minimum investment amount is 5000 and in multiples of Re. 1 thereafter. Entry load for the scheme will be nil. The exit load will be one percent for holding period less than 12 months and nil for holding period above and up to 12 months. The scheme will allocate 65 percent to 100 percent of assets in equity and equity related securities, which are amongst the top 200 companies by market capitalization. It would invest up to 0-20 percent of assets in equity and equity related securities, which are beyond the top 200 companies by market capitalization. It would further allocate up to 35 percent of assets in debt securities, money market securities and cash and cash equivalents. The scheme's performance would be benchmarked against BSE Sensex. The scheme would be managed by Apoorva Shah.