DSP BlackRock Mutual Fund has filed offer document with Sebi to launch DSP BlackRock Dynamic Asset Allocation Fund, an open ended fund of funds scheme. The New Fund Offer price is Rs 10 per unit.
Investment objective: The investment objective of the scheme is to seek capital appreciation by managing the asset allocation between one or more equity mutual funds and debt mutual funds of DSP BlackRock Mutual Fund.
Options: Growth and dividend options. Dividend option will have payout and reinvest options.
Benchmark: CRISIL Balanced Fund Index
Entry load: Nil
Exit load: Holding Period from date of allotment:
< 12 months: 1%
>= 12 months: Nil
Minimum Application Amount: Rs. 5,000/- and multiples of Re. 1/- thereafter
Minimum Target Amount: Rs. Ten crore
Asset Allocation: The scheme shall invest up to 100% in units of DSP BlackRock Equity Fund, up to 100% in units of DSP BlackRock Strategic Bond Fund and up to 5% in money market securities and/or units of money market/liquid schemes of DSP BlackRock Mutual Fund
Fund Managers: Apoorva Shah and Kushal M. Choksi