New Close Ended Scheme launched by DSP BlackRock Mutual Fund
08/04/2015 11:07
DSP BlackRock Mutual Fund has launched a new close ended income scheme named “DSP BlackRock Dual Advantage Fund - Series 37 - 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 April 06 and will close on April 20. 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 be not 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 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 the 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 and money market securities and also 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 in Equity and Equity Related Securities.
08/04/2015 11:07
DSP BlackRock Mutual Fund has launched a new close ended income scheme named “DSP BlackRock Dual Advantage Fund - Series 37 - 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 April 06 and will close on April 20. 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 be not 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 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 the 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 and money market securities and also 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 in Equity and Equity Related Securities.
