DSP BlackRock MF launches 12 months Fixed Maturity Plan

DSP BlackRock Mutual Fund has launched a new fixed maturity plan named as DSP BlackRock FMP - Series 68- 12M, a close-ended income scheme with the duration of 12 months. The scheme will mature on 3 October 2013.

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 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.

Basic Details:

NFO Opens: September 21, 2012
NFO Closes: September 24, 2012
NFO: Rs 10 per unit
Minimum application: Rs 5000 and in multiples of Rs 1 thereafter.
Benchmark: Crisil Short Term Bond Fund Index.
Managers: Dhawal Dalal.