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. The New Fund Offer (NFO) price for the schemes is Rs 10 per unit. The new issue opening and closing dates are as follows:
NFO Opening Date
NFO Closing Date
DSP BlackRock FMP - Series 64 - 12M
17 August 2012
21 August 2012
27 August 2013
DSP BlackRock FTP - Series 11 - 36M
30 August 2012
7 September 2015
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.
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.
The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter.
Entry and exit load charge will be nil for the schemes. Units of the schemes are proposed to be listed on Bombay Stock Exchange.
The benchmark index for schemes is CRISIL Short Term Bond Fund Index.
The schemes will be managed by Dhawal Dalal.