DSP BlackRock Mutual Fund has launched the DSP BlackRock FMP Series-220-40M, a close ended income scheme. The NFO opens for subscription on February 12, 2018 and closes on February 14, 2018. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.
The performance for Schemes having maturity of up to 3 months will be benchmarked against CRISIL Liquid Fund Index, for Schemes having maturity of more than 3 months and of up to 36 months will be benchmarked against CRISIL Short Term Bond Fund Index and for Schemes having maturity of more than 36 months will be benchmarked against CRISIL Composite Bond Fund Index and its fund managers are Laukik Bagwe and Pankaj Sharma.
The investment objective of the scheme is to generate returns and seek capital appreciation by investing in a portfolio of Debt and Money Market Instruments. The Schemes will invest only in securities which mature on or before the date of maturity of the Schemes.