DSP BlackRock Mutual Fund has announced the NFO DSP BlackRock FMP - Series 54 - 12M, a close ended debt scheme.
The NFO opens for subscription on June 11, 2012 and closes on June 14, 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 Short Term Bond Fund. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The scheme will be managed Dhawal Dalal.
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.
Source: Accord Fintech
