DSP BlackRock Mutual Fund has launched the NFO DSP BlackRock FMP - Series 53 - 9M, a close-ended income scheme.
The investment objective of the scheme is to generate returns and capital appreciation by investing in a portfolio of debt and money market securities.
The NFO opens for subscription on June 5, 2012 and closes on June 6, 2012. No entry and exit load charge is applicable for the scheme. The duration of the scheme will be 9 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 1 thereafter.
Source: Accord Fintech
