DSP BlackRock Mutual Fund has announced the NFO DSP BlackRock FMP - Series 48 - 12M, a close ended debt scheme.
The NFO opens for subscription on May 10, 2012 and closes on May 11, 2012. No entry and exit load charges is applicable for the scheme. The scheme offers dividend payout and growth option.
Benchmark Index for the scheme is CRISIL Short Term Bond Fund Index. The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter. The fund manager for the scheme will be Dhawal Dalal.
The primary investment objective of the schemes is to seek to generate returns and capital appreciation by investing in a portfolio of debt and money market securities. The schemes will invest only in such securities which mature on or before the date of maturity of the schemes.
