With this facility, investors can create a unique account viz. 'My Target Value Savings Account' where they can define a specific Target Value of savings and invest in any of the existing schemes of the Fund either by way of Systematic Investment Plan (SIP) or by way of lump sum investment.
The salient features of the facility are as follows:
Investors may invest into any of the existing schemes of DSP BlackRock Mutual Fund (Fund) either by way of SIP or by way of lump sum, or even a combination of both by filling in the specified application form.
A Target Value of savings should be specified in the application form while investing.
The Fund will endeavor to send alert through email or SMS or any other mode at the discretion of the AMC at the registered mobile number or email address of the investors, upto 90% of the Target Value as specified by the investor being reached.
On receiving the alert or anytime, the investor may choose to stay invested in the scheme(s), re-set the Target Value or the Target Scheme at his discretion.
On receiving the pre-specified Target Amount, the units will be switched into DSP BlackRock Money Manager Fund - Regular Plan - Growth by default.