The fund opened for subscription on Feb 9, 2013 and closes on Mar 8, 2013.
DSP BlackRock Investment Managers announced the launch of its close ended DSP BlackRock RGESS Fund - Series 1. The New Fund Offer (NFO) opened for subscription on February 09, 2013 and closes on March 08, 2013.
“DSP BlackRock is pleased to launch the DSP BlackRock RGESS Fund Series - 1. We believe that the scheme will offer the benefits of diversification and active fund management to many first time retail investors,” said S. Naganath, President and Chief Investment Officer, DSP Black Rock Mutual Fund.
The scheme would allocate up to 95%-100% of assets in equity securities specified as eligible securities for RGESS and invest up to 5% in cash & cash equivalents and money market instruments from time to time, primarily for portfolio balancing reasons. The benchmark index for the scheme would be the BSE 100 Index. The minimum application amount is Rs 5000. The scheme will not have any entry or exit load. The scheme would be managed by Apoorva Shah and Dhawal Dalal.
