DSP BlackRock MF has launched the NFO of DSP BlackRock
FMP - Series 59 - 12M, a close ended income scheme.
The NFO opens for subscription on June 28, 2012 and
closes on July 3, 2012. No entry load or exit load will be applicable for the
scheme; the units under the schemes cannot be directly redeemed with the Mutual
Fund as the units will be listed on the stock exchanges. The minimum
subscription amount is Rs. 5,000 and multiples of Rs. 1 thereafter.
The scheme’s performance will be benchmarked against
CRISIL Short Term Bond Fund Index and its fund manager is Dhawal Dalal.
The investment objective of the scheme is 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. There is no assurance that the
investment objective of the scheme will be realized.
Source: Accord Fintech