36-month scheme launched by DSP BlackRock MF
09/02/2015 10:51
DSP BlackRock Mutual Fund has launched a new close ended income scheme named “DSP BlackRock Dual Advantage Fund - Series 35 - 36M” 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 February 4 and will close on February 18. 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 5,000 and any amount 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 CRISIL MIP Blended Index. Dhawal Dalal and Vinit Sambre 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 returns and seek capital appreciation will be met by investing in a portfolio of debt securities, money market securities and equity & equity related securities. Hence, the scheme will allocate 50 to 95 per cent of asset in debt securities, 0 to 15 per cent of asset in money market securities and 5 to 35 per cent of asset in equity & equity related securities.
09/02/2015 10:51
DSP BlackRock Mutual Fund has launched a new close ended income scheme named “DSP BlackRock Dual Advantage Fund - Series 35 - 36M” 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 February 4 and will close on February 18. 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 5,000 and any amount 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 CRISIL MIP Blended Index. Dhawal Dalal and Vinit Sambre 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 returns and seek capital appreciation will be met by investing in a portfolio of debt securities, money market securities and equity & equity related securities. Hence, the scheme will allocate 50 to 95 per cent of asset in debt securities, 0 to 15 per cent of asset in money market securities and 5 to 35 per cent of asset in equity & equity related securities.
