DSP BlackRock Mutual Fund has filed a draft offer document to launch its open ended income fund i.e. Banking & PSU debt fund. The scheme aims to generate income and capital appreciation by investing in a portfolio of high quality debt and money market securities.
The minimum application amount is Rs 5000. The benchmark of the scheme will be CRISIL AAA Long-term Bond Index. The scheme will charge an exit load of 0.50 percent if redeemed within three months from the date of allotment. No exit load will be charged thereafter. The scheme will be managed by Dhawal Dalal.
