DSP BlackRock MF launches new open ended scheme
28/02/2015 10:17
DSP BlackRock Mutual Fund has launched a new open ended income (debt) scheme named “DSP BlackRock Ultra Short Term Fund”.
The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on February 27 and will close on March 4.
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 any amount thereafter. The options available under the plan of the scheme are Growth, Daily Dividend, Weekly Dividend, Monthly Dividend and Quarterly Dividend Payout option.
The performance of the scheme will be benchmarked against 50 per cent of CRISIL Composite CP Index + 50 per cent of CRISIL Composite CD Index. Laukik Bagwe will be the fund manager of the scheme.
The asset allocation of scheme will be in such a way that the objective of the scheme to generate returns commensurate with risk will be met by investing in a portfolio of money market securities and/or debt securities with residual maturity of less than or equal to 1 year and debt securities with residual maturity of greater than 1 year. Hence, the scheme will allocate 80 to 100 per cent of asset in money market securities and/or debt securities with residual maturity of less than or equal to 1 year and 0 to 20 per cent of asset in debt securities with residual maturity of greater than 1 year. .
28/02/2015 10:17
DSP BlackRock Mutual Fund has launched a new open ended income (debt) scheme named “DSP BlackRock Ultra Short Term Fund”.
The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on February 27 and will close on March 4.
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 any amount thereafter. The options available under the plan of the scheme are Growth, Daily Dividend, Weekly Dividend, Monthly Dividend and Quarterly Dividend Payout option.
The performance of the scheme will be benchmarked against 50 per cent of CRISIL Composite CP Index + 50 per cent of CRISIL Composite CD Index. Laukik Bagwe will be the fund manager of the scheme.
The asset allocation of scheme will be in such a way that the objective of the scheme to generate returns commensurate with risk will be met by investing in a portfolio of money market securities and/or debt securities with residual maturity of less than or equal to 1 year and debt securities with residual maturity of greater than 1 year. Hence, the scheme will allocate 80 to 100 per cent of asset in money market securities and/or debt securities with residual maturity of less than or equal to 1 year and 0 to 20 per cent of asset in debt securities with residual maturity of greater than 1 year. .
