DSP BlackRock Mutual Fund launches a new Fund named DSP BlackRock US Flexible Equity Fund, an open ended fund of funds scheme.
The primary investment objective of the Scheme is to seek capital appreciation by investing predominantly in units of BlackRock Global Funds US Flexible Equity Fund (BGF - USFEF). The Scheme may, at the discretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes, which may constitute a significant part of its corpus. The Scheme may also invest a certain portion of its corpus in money market securities and/ or money market/liquid schemes of DSPBR .
The New Fund Offer (NFO) will open for subscription on July 17, 2012 and will close on July 31, 2012. The NFO is priced at Rs 10 per unit.
The options available are in growth option and dividend (payout and reinvest) option. The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter.
Entry load charge will be nil for the scheme. Exit load charge will be 1% if holding period is less than 12 months.
The benchmark Index for the scheme is Russell 1000 Index. The scheme will be managed by Mehul Jani and Laukik Bagwe.
For more information visit- http://www.dspblackrock.com/