For Quick Alerts
Subscribe Now  
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

DSP BlackRock MF launches two Fixed Maturity Plan

DSP BlackRock MF launches two FMP
DSP BlackRock Mutual Fund has launched two new fixed maturity plan named as DSP BlackRock FMP - Series 64 - 12M and DSP BlackRock FTP - Series 11 - 36M, close-ended income schemes.

Important dates for the two FMPs are:

DSP BlackRock FMP - Series 64 - 12M : NFO opens on August 17 and closes on August 21.
DSP BlackRock FTP - Series 11 - 36M : NFO opens on August 17 and closes on August 30.

Investment Objective:

The primary investment objective of the schemes is to seek to generate returns and capital appreciation by investing in a portfolio of debt and money market securities. The schemes will invest only in such securities which mature on or before the date of maturity of the schemes.

The schemes offer a choice of two options, growth option and dividend payout option.

Allocation of Funds:

DSP BlackRock FMP - Series 64 - 12M: 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.

DSP BlackRock FTP - Series 11 - 36M: The scheme would allocate 65% to 100% of assets in debt securities and upto 35% in money market securities with low to medium risk profile.
95% to 100% of assets would be invested in AA rated Non Convertible Debentures.

Units of the schemes are proposed to be listed on Bombay Stock Exchange.

Basic Details:

NFO: Rs 10 per unit
Minimum Application Amount: Rs 5000 and in multiples of Rs 1 thereafter.
Benchmark: CRISIL Short Term Bond Fund Index.
Manager: Dhawal Dalal.

GoodReturns.in

Read more about: mutual funds fmp

Advertisement

Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X