Mumbai:
DSP BlackRock Mutual Fund has filed offer documents with SEBI to launch two fund
of fund schemes, DSP BlackRock Latin American Fund and DSP BlackRock World
Agriculture Fund.
DSP
BlackRock Latin American Fund -
An open ended fund of fund schemes which seeks to deliver capital appreciation by investing predominantly in units of BlackRock
Global Funds Latin American Fund (BGF - LAF). The scheme would allocate 80-100
per cent of assets in BGF – LAF or other similar overseas mutual fund schemes
with high risk profile. It would further allocate upto 20 per cent of assets in
money market securities and/or units of money market/liquid schemes of DSP
BlackRock Mutual Fund with low to medium risk profile.
DSP
BlackRock World Agriculture Fund –
An open ended fund of fund schemes which
seeks to deliver capital appreciation by investing predominantly in units of
BlackRock Global Funds World Agriculture Fund (BGF - WAF). The scheme would allocate 80-100 per
cent of assets in BGF – WAF or other similar overseas mutual fund schemes with
high risk profile. It would further allocate upto 20 per cent of assets in
money market securities and/or units of money market/liquid schemes of DSP
BlackRock Mutual Fund with low to medium risk profile
The fund will be benchmarked against MSCI EM Latin America net and
DAX Global Agribusiness Index respectively. Both the scheme will manage by
Mehul Jani -Dedicated Fund Manager for Overseas Investments.
