DSP BlackRock Mutual Fund has launched the NFO DSP BlackRock FMP - Series 51 - 12M, a close ended income scheme.
The NFO opens for subscription on May 25, 2012 and closes on May 31, 2012. No entry and exit load charge is applicable for the scheme. The duration of the scheme will be 12 months from the date of allotment. The scheme offers dividend payout and growth option.
The scheme will be benchmarked against CRISIL Short Term Bond Fund Index. The minimum application amount is Rs 5000 and in multiple of Rs 10 thereafter. The schemes will be managed by Dhawal Dalal.
The 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.
