DSP BlackRock launches close ended income scheme

Posted By: Religare
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DSP BlackRock launches close ended income scheme
DSP BlackRock Mutual Fund has launched a new close ended income scheme named "DSP BlackRock FMP - Series 36 - 12 Months", with a maturity period of 12 months.

The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO closes for subscription on February 28.

According to the offer document filed with SEBI, the entry load for the scheme will be nil, since the scheme is to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode.

The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The two options available under the scheme are Growth and Dividend Payout option.

Read more about: mutual funds, stock exchange, dsp
Story first published: Monday, February 27, 2012, 13:32 [IST]
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