DSP BlackRock Mutual Fund has launched the DSP BlackRock Arbitrage fund, an open ended growth scheme. The NFO opens for subscription on January 15, 2018 and closes on January 22, 2018. Holding period from the date of allotment is 0.25% for less than 30 calendar days and nil for more than 30 calendar days. No exit load shall be levied in case of switch of investments from Direct Plan to Regular Plan and vice versa.The minimum subscription amount is Rs 1,000 and any amount after that.
The scheme's performance will be benchmarked against CRISIL Liquid Fund Index and its fund managers are Mayur Patel and Rahul Vekaria.
The investment objective of the scheme is o generate income through arbitrage opportunities between cash and derivative market and arbitrage opportunities within the derivative market. Investments may also be made in debt & money market instruments.