Wednesday, 20 July 2011

New NFO-DSP BlackRock FMP-Series 4-3M

DSP BlackRock Mutual Fund Launched today, 20th July, 2011 a New Fund Offer Named DSP BlackRock FMP - Series 4 - 3M. This is a close ended Fixed Maturity Plan and the closing day of the NFO is also same as opening day. Yes the NFO will be closed on 20th July, 2011 itself. The primary investment objective of the Scheme is to seek to generate returns and capital appreciation by investing in a portfolio of debt and money market securities.

The Scheme will invest only in such securities which mature on or before the date of maturity of the Scheme. There is no entry load or exit load for the scheme. The Units under the Schemes cannot be directly redeemed with the Mutual Fund as the Units will be listed on the Stock Exchanges. The offer price of a single unit is Rs.10 and the Minimum Subscription Amount is Rs. 5000 and multiples of Re 1 thereafter.

This mutual fund also has growth option and dividend option.  The Date of maturity is 19th October, 2011 and the payment date is 20th October, 2011. The mutual fund is supposed to be listed on Bombay Stock Exchange (BSE) or any other Stock Exchange as per the approval of the trustee.

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