DSP BlackRock Mutual Fund has decided to merge DSP BR Savings Manager Fund–Conservative Plan & Moderate Plan into DSP BR Savings Manager Fund -Aggressive Plan. After the merger, the investment objective, asset allocation pattern and scheme name of DSP BR Savings Manager Fund - Aggressive Plan will change with effect from February 26, 2011.
The scheme name will be renamed as DSP BlackRock Savings Manager Fund. The revised investment objective of the scheme is to generate income, consistent with prudent risk, from a portfolio which substantially consists of quality debt securities. The DSP BlackRock Savings Manager Fund will also seek to generate capital appreciation by investing a smaller portion of its corpus in equity and equity related securities of issuers domiciled in India.
The scheme would allocate 75 to 100 per cent of assets in debt and money market securities with low to medium risk profile. It would further allocate upto 25 per cent of assets in equity and equity related securities with medium to high risk profile.
