DSP BlackRock Mutual Fund has launched the New Fund Offer (NFO) of DSP BlackRock FMP - Series 81 -12M, a close ended income scheme. The NFO opens for subscription on December 6, 2012 and closes on December 6, 2012. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs. 5,000 and multiples of Rs. 1 thereafter.
The scheme's performance will be benchmarked against CRISIL Short Term Bond Fund Index and its fund manager is Dhawal Dalal. Also, the units under the schemes cannot be directly redeemed with the Mutual Fund as the units will be listed on the stock exchanges.
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 scheme will invest only in such securities which mature on or before the date of maturity of the scheme. There is no assurance that the investment objective of the scheme will be realized.