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DSP BlackRock MF gone up to 700 crore

By SiliconIndia   |   Friday, May 28, 2010
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New Delhi: DSP BlackRock Mutual Fund has gone up to Rs. 700 crore through its new DSP BlackRock Focus 25 Fund. To generate returns by investing in stocks of 25 to 30 top 200 companies in terms of market capitalization is the objective of the fund, reports Dipak Mondal for Financial Chronicle. The new fund offer from DSP BlackRock has got tepid response from retail investors, according to industry sources. This is the fourth biggest collection by an NFO in the past one year. Earlier, Reliance Infrastructure Fund had collected Rs 2,300 crore. The ban on entry load in mutual funds into effect from August 1, 2009. After that for five consecutive months, the equity funds were seeing net outflows.
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