DSP Blackrock MF launches DSPBR FMP Series 1-3 months FMP

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DSP Blackrock MF: FMP
DSP Blackrock launches DSPBR FMP Series 1-3 months FMP on 16th June 2011. It's a close close-ended income scheme especially designed for Fixed Income Group, people with short horizon.

The NFO opens on June 17, 2011 and closes on June 20, 2011. It will mature on September 19, 2011.

The units of the scheme will be listed on the Bombay Stock Exchange (BSE).

The minimum application amount is Rs 5,000 and after that additional investment can be made of Rupee 1.

The investors will be provided with the two options: Growth and Dividend. Dividend option offers the facility of dividend payout. Investor needs to choose any of the option while investing, if he is not specifying the same at the time of investing, it will be implied that investor has opted for Growth option.

Investment objective and performance:
The objective of the scheme is to generate income by investing in debt and money market instruments and Government Securities with the same tenure i.e. the instruments maturing on or before the maturity date of the respective scheme.

Asset Allocation:
The fund will allot entire 100% in debt and money market instruments.

Fund Manager:
Mr. Dhawal Dalal will be the Fund Manager of this scheme.

Dhawal is currently Senior Vice President and Head of Fixed Income at DSP BlackRock Investment Managers. He is MBA from the University of Dallas. He joined Merill Lynch Investment Managers in 1996 after receiving his MBA and joined the Fixed Income Desk of DSP Blackrock Investment Managers. in 1998.

Basic Details:
NFO Opens: June 16, 2011
NFO Closes: June 20, 2011
NFO Price: Rs.10 per unit
Listing: Bombay Stock Exchange
Options: Dividend and Growth
Minimum Application Amount: Rs 5,000 per application and additional Re. 1, thereafter
Exit Load: Nil
Fund Manager: Mr. Dhawal Dalal

OneIndia Money

Read more about: nfo, mutual funds, investment, bse
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