36-month scheme launched by DSP BlackRock MF
12/11/2014 12:04
DSP BlackRock Mutual Fund has launched a new close ended equity scheme named “DSP BlackRock 3 Years Close Ended Equity Fund” with maturity period of 36 months from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on November 07 and will close on November 21. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. 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. The performance of the scheme will be benchmarked against CNX 500 Index. Vinit Sambre and Laukik Bagwe will be the Fund Managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate capital appreciation will be met by investing in a portfolio of equity and equity related securities and debt, money market securities, cash & cash equivalents. Hence, the scheme will allocate 65 to 100 per cent of asset in equity and equity related securities and 0 to 35 per cent of asset in debt, money market securities, cash & cash equivalents.
12/11/2014 12:04
DSP BlackRock Mutual Fund has launched a new close ended equity scheme named “DSP BlackRock 3 Years Close Ended Equity Fund” with maturity period of 36 months from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on November 07 and will close on November 21. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. 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. The performance of the scheme will be benchmarked against CNX 500 Index. Vinit Sambre and Laukik Bagwe will be the Fund Managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate capital appreciation will be met by investing in a portfolio of equity and equity related securities and debt, money market securities, cash & cash equivalents. Hence, the scheme will allocate 65 to 100 per cent of asset in equity and equity related securities and 0 to 35 per cent of asset in debt, money market securities, cash & cash equivalents.
