DSP BlackRock Mutual Fund has announced the NFO DSP BlackRock Dual Advantage Fund - Series 3 - 36M, a close-ended income scheme.
The NFO opens for subscription on May 2, 2011 and closes on May 15, 2011. No entry and exit load charges is applicable for the scheme. The duration of the scheme will be 36 months from the date of allotment of units. The scheme offers dividend payout and growth option.
The minimum application amount is Rs.5000 and in multiples of Re.1 thereafter. The fund managers for the scheme will be Namdev Chougule, Amit Gadgil, Karan Sikka and Ravi Ratanpal.
The investment objective of the scheme is to generate returns and seek capital appreciation by investing in a portfolio of debt and money market securities.
