DSP BlackRock Mutual Fund lunched a new Fixed Maturity Plan (FMP) named DSP BlackRock FMP – 6M – Series 11. The objective of the scheme is the primary investment objective of the Schemes 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 Schemes. It is a close ended income fund which is already opened in the market on 18th August, 2011 and the scheme will be closed on 22nd August, 2011.
The offer price is Rs. 10 per unit and the minimum required investment is Rs. 5000 and in multiples of Re. 1 thereafter. There is no entry load or exit load for the scheme. The DSP BlackRock FMP – 6M – Series 11 is available in growth option and dividend payout option.
The pooled money of the investors will be invested in debt securities and money market securities with low and medium risk profile. The scheme will be listed in Bombay Stock Exchange.