Bangalore: DSP BlackRock World Mining Fund led the mutual fund schemes last week with a growth rate of 5.8714 percent. As on July 23, the net asset value (NAV) of the scheme was 9.6851. DSP BlackRock World Mining Fund is an Open ended Growth Scheme with the objective to seek capital appreciation by investing predominantly in the units of BlackRock Global Funds World Mining Fund (BGF-WMF). The Scheme may, at the discretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes, which may constitute a significant part of its corpus. The Scheme may also invest a certain portion of its corpus in money market securities and/or money market/liquid schemes of DSP BlackRock Mutual Fund, in order to meet liquidity requirements from time to time. There is no assurance that the investment objective of the Scheme will be realized. According to mutualfundsindia.com, other mutual funds which followed DSP BlackRock World Mining Fund are Mirae Asset China Advantage Fund - Regular - Growth, ING Latin America Equity Fund - Growth, Mirae Asset Global Commodity Stocks Fund - Growth and JM Telecom Sector Fund - Growth with growth rates of 5.1937, 4.2636, 3.6278 and 3.4881 respectively. As on Jun 30, 2010, the fund size of the DSP BlackRock World Mining Fund was 195.67 crore. Mehul Jani is the Fund Manager of the scheme.