Sep 15, 2008

DSP ML MF commencing one month FMP

02 Sep 2008 | 10:55




DSP ML MF commencing one month FMP


DSP Merrill Lynch Mutual Fund has unveiled DSP Merrill Lynch Fixed
Maturity Plan 1 Month -Series 1 on 2 September 2008. The NFO will close
on 4 September 2008. The new offer price of units Rs 10 per unit.

It
is a close-ended income schemes with maturity profile of 1 month. The
primary investment objective of the schemes is to seek capital
appreciation by investing in a portfolio of debt and money market
securities. It is envisaged that the portfolio of scheme will display a
maturity profile that is generally in line with the term of the scheme.

The
scheme will invest up to 100% in debt instruments and in money market
instruments. It may invest up to a maximum of 100% of the scheme?s net
assets in fixed income derivatives. Debt securities may include
securitised debt up to 100% of net assets. Debt instruments may include
fixed income derivatives only for hedging and portfolio balancing up to
100% of scheme?s net assets.

The scheme has two plans i.e. regular and institutional plan. Both plans will provide growth and dividend reinvest option.

DSP
Merrill Lynch FMP 1 Month Series 1 will not charge an entry load for
the scheme due to its close-ended structure. Whereas it would charge an
exit load of 0.25%, if the investment is redeemed before the maturity
date.

The minimum investment amount under regular plan will be
Rs. 10,000 and in multiples of Re. 1 thereafter for the scheme. The
minimum investment amount under institutional plan will be Rs.1 crore
and in multiples of Re. 1 thereafter.

The benchmark index of the scheme is CRISIL Liquid Fund Index. Dhawal Dalal will manage the investments of the scheme.

Visit site at - http://investorline.co.in/
Newsroom -
http://newsroom.investorline.co.in/

Learning Center- http://learning.investorline.co.in/

Mutual funds - http://mutualfunds.investorline.co.in/

Life Insurance - http://insurance.investorline.co.in/

Investor Journal - http://research.investorline.co.in/

Investor Forums- http://forums.investorline.co.in/

WebServices - http://webs.investorline.co.in/

0 comments: