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  • MF News DSP BlackRock on global funds spree

    DSP BlackRock on global funds spree

    DSP BR has filed offer documents with SEBI for Global Dynamic Equity Fund and Global Allocation Fund
    Team Cafemutual Jun 1, 2011

    DSP BR has filed offer documents with SEBI for Global Dynamic Equity Fund and Global Allocation Fund

    Mumbai: DSP BlackRock Mutual Fund has filed offer documents with SEBI to launch DSP BlackRock Global Dynamic Equity Fund and DSP BlackRock Global Allocation Fund

    DSP BlackRock Global Dynamic Equity Fund - An open ended fund of fund scheme with the investment objective of seeking capital appreciation by investing predominantly in units of BlackRock Global Funds

    Global Dynamic Equity Fund (BGF - GDEF). The scheme would allocate 95-100 per cent of assets in BGF – GDEF or similar other overseas mutual fund schemes, with a high risk profile. It would further invest up to 5 per cent of assets in money market securities and/or units of money market/liquid schemes of DSP BlackRock Mutual Fund.

     

    DSP BlackRock Global Allocation Fund- An open ended fund of fund scheme with the investment objective of seek capital appreciation by investing predominantly in units of BlackRock Global Funds - Global Allocation Fund (BGF - GAFs). The scheme would allocate 95-100 per cent of assets in BGF – GAF or other similar overseas mutual fund scheme with high risk profile. It would further invest up to 5 per cent of assets in money market securities and/or units of money market/liquid schemes of DSP BlackRock Mutual Fund.

     

    Both the schemes will be managed by Mehul Jani -Dedicated Fund Manager for Overseas Investments.
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