|DSP BlackRock Mutual Fund has launched a new fixed maturity plan named as DSP BlackRock FMP - Series 209 - 37M, a close-ended income scheme with the duration of 37 months from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 27 March to 29 March 2017.
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 with regular payout and Quarterly payout option.
The scheme would allocate 80%-100% of assets in debt securities and upto 20% of assets in money market securities with low to medium risk profile.
The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period.
Entry load: Nil
Exit load: Not applicable.
Benchmark Index for the scheme is CRISIL Composite Bond Fund Index.
The fund managers of the scheme are Laukik Bagwe and Pankaj Sharma.