DSP Blackrock launches Six Months Fixed Maturity Plan

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DSP Blackrock launches Six Months FMP
DSP Blackrock launches DSP BlackRock FMP - 6M - Series 10 on August 5, 2011. It"s a close close-ended income scheme especially designed for Fixed Income Group, people with short horizon.
The scheme will have maturity of 6 months from the date of allotment.

Investment objective:
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 fund will allot entire 100% in debt and money market instruments with low to medium risk profile.

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: August 5, 2011
NFO Closes: August 9, 2011
NFO Price: Rs.10 per unit
Listing: Bombay Stock Exchange
Options: Dividend Payout and Growth
Minimum Application Amount: Rs 5,000 per application and additional Re. 1, thereafter
Exit Load: Nil
Fund Manager: Mr. Dhawal Dalal

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Read more about: mutual funds, nfo, bse, dsp blackrock
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