Friday, 23 September 2011

Buy DSP BlackRock - Series 13 - 3M

DSP BlackRock Mutual Fund launched DSP BlackRock - Series 13 - 3M on 22nd September, 2011. This elite mutual fund is a close ended income fund. 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.

The offer price of one unit is Rs. 50 and the minimum reqfixed uired investment is Rs. 5000 and multiples or Re. 1 thereafter. The New Fund Offer will be closed on 26th September, 2011.

There is no Entry load or exit load. The exit load is not applicable because the scheme is a close ended scheme and the investor will get back the NAV at the time of maturity after three months on 26th December, 2011.

The DSP BlackRock - Series 13 - 3M will invest only in such securities which will be matured or could be encashed before the maturity date of the Mutual Fund. The New Fund Offer allows two options to its investors as growth option or dividend payout option. The scheme is supposed to be listed in Bombay Stock Exchange.

You can buy this mutual fund, if the scheme is suitable for your financial goals.

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