DSP BlackRock Mutual Fund has launched the NFO DSP BlackRock FMP - Series 50 -3M, a close-ended income scheme. The primary investment objective of the scheme is to seek to generate returns and capital appreciation by investing in a portfolio of debt and money market securities. The scheme will invest only in such securities which mature on or before the date of maturity of the scheme.
The NFO opens for subscription on May 21, 2012 and closes on May 24, 2012. No entry and exit load charge is applicable for the scheme. The scheme offers dividend payout and growth option.
The scheme will be benchmarked against Crisil Liquid Fund Index. The fund manager of the scheme will be Dhawal Dalal.
