DSP BlackRock MF launches “DSP BlackRock Global Allocation Fund”; NFO to close
on August 14
01/08/2014 13:04
DSP BlackRock Mutual Fund has launched a new open ended fund of fund scheme named “DSP BlackRock Global Allocation Fund”. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on August 14. Scheme re-opens for continuous sale and repurchase within five business days from the date of allotment. According to the offer document filed with SEBI, the entry load is nil while exit load of 1 per cent will be charged if scheme will be redeemed within 12 months from data of allotment, or else nil. The minimum application amount is Rs 1,000 and in multiples of Rs 1 thereafter. The options available under the Plan of the Scheme are Growth and Dividend payout option. Jay Kothari and Laukik Bagwe will be the Fund Managers of the scheme. The benchmark index of the scheme is 36% S&P 500 Composite; 24% FTSE World (ex-US); 24% ML US Treasury Current 5 Year; 16% Citigroup Non-USD World Government Bond Index. The asset allocation of scheme will be in such a way that the objective of the scheme to seek capital appreciation will be met by investing in predominantly in units of BlackRock Global Funds - Global Allocation Fund (BGF - GAF). The Scheme may 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.
01/08/2014 13:04
DSP BlackRock Mutual Fund has launched a new open ended fund of fund scheme named “DSP BlackRock Global Allocation Fund”. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on August 14. Scheme re-opens for continuous sale and repurchase within five business days from the date of allotment. According to the offer document filed with SEBI, the entry load is nil while exit load of 1 per cent will be charged if scheme will be redeemed within 12 months from data of allotment, or else nil. The minimum application amount is Rs 1,000 and in multiples of Rs 1 thereafter. The options available under the Plan of the Scheme are Growth and Dividend payout option. Jay Kothari and Laukik Bagwe will be the Fund Managers of the scheme. The benchmark index of the scheme is 36% S&P 500 Composite; 24% FTSE World (ex-US); 24% ML US Treasury Current 5 Year; 16% Citigroup Non-USD World Government Bond Index. The asset allocation of scheme will be in such a way that the objective of the scheme to seek capital appreciation will be met by investing in predominantly in units of BlackRock Global Funds - Global Allocation Fund (BGF - GAF). The Scheme may 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.
