News From Press DSP BlackRock to move instant access from Money Manager Fund to Liquid Fund

DSP BlackRock to move instant access from Money Manager Fund to Liquid Fund

Source: Economic Times Apr 28, 2017

After the Securities and Exchange Board of India allowed mutual funds to offer instant redemption facility in liquid funds, two AMCs that offer instant redemption facility in their ultra short term funds are making changes to meet the new norms. DSP BlackRock Mutual Fund has decided to stop instant redemption facility in its DSP BackRock Money Manager Fund. Reliance Mutual Fund is changing the underlying of their fund (Realince Money Manager Fund) to liquid.

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