Mumbai:
DSP BlackRock Mutual Fund has filed an offer document with SEBI to launch DSP
BlackRock China Fund, an open ended fund of fund scheme.
The investment objective is to seek capital appreciation by investing in units of BlackRock Global Funds China Fund (BGF -
CF). The scheme would allocate 80-100 per cent of assets in BGF
– CF or other similar overseas mutual fund schemes with high risk profile. It would further invest 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 China 10/40 (net). The scheme will
charge 1 per cent as exit load if units are redeemed within 12 months from the
date of allotment. The fund will be managed by Mehul
Jani.
