DSP BlackRock Mutual Fund new issue closes on 21st March
DSP BlackRock Mutual Fund has launched DSP BlackRock FMP-12M-Series 17, a close-ended income scheme.
The primary investment objective of the schemes is to seek 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 schemes. The schemes may also use fixed income derivatives for hedging and portfolio balancing. The tenor of the scheme is 12 months.
The new issue closes on 21st March. The minimum investment amount is Rs5,000.
CRISIL Short Term Bond Fund Index is the benchmark index. Dhawal Dalal is the fund manager.
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