DSP BlackRock Mutual Fund has launched a new fixed maturity plan named as DSP BlackRock FMP - Series 63 - 12M, a close-ended income scheme with the duration of 12 months. The scheme will mature on 19 August 2013.
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 scheme offers a choice of two options, growth option and dividend payout option.
Allocation of Funds:
The scheme would allocate upto 100% of assets in debt securities and money market securities with low to medium risk profile. 95% to 100% of assets would be invested in A1+ rated certificate of deposits.
Entry and exit load charge will be nil for the scheme. Units of the scheme are proposed to be listed on Bombay Stock Exchange.
NFO Opens: August 11, 2012
NFO Closes: August 13, 2012
NFO: Rs 10 per unit
Minimum Application Amount: Rs Rs 5000 and in multiples of Rs 1 thereafter.
Benchmark: CRISIL Short Term Bond Fund Index.
Manager: Dhawal Dalal.