31 Jul 2012
|DPS BlackRock Mutual Fund has filed an offer document to launch a close ended income scheme named “DSP BlackRock Dual Advantage Fund – Series 11 to 15” with maturity time of 12 months to 60 months from the respective date of allotment. The New Fund Offer (NFO) price for the scheme was Rs 10 per unit.
According to the offer document filed with SEBI, the entry load was nil and since the scheme was planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode.
The minimum application amount was Rs 5,000 and in multiple of Rs 1 thereafter. The two options were available under the Plan of the Scheme viz. Growth and Dividend option only. The performance of the scheme will be standardized against BSE200 Index CRISIL MIP Blended Index and Dhawal Dalal and Apoorva Shah will be the Fund Managers of the scheme.
The asset allocation of scheme will be in such a way that the objective of the scheme to generate returns and seek capital appreciation by investing in a portfolio of debt and money market securities will be met. Hence, the scheme will allocate 90 to 100 per cent in debt and money market securities, while 0 to 10 per cent in equity and equity related securities.