DSP Blackrock Mutual Fund has filed offer document with SEBI to launch a Close ended income Schemes as DSP Blackrock FMP-Series 186 to 190. The New Fund Offer price is Rs 10 per unit.
Entry and exit load charges will be nil for the scheme. The scheme offers growth and dividend option and seeks to collect a Minimum Target Amount of Rs 20 crore.
The scheme will be benchmarked against For Schemes having maturity of up to 3 month: CRISIL Liquid Fund Index, For Schemes having maturity of more than 3 months and of up to 36 months: CRISIL Short Term Bond Fund Index and For Schemes having maturity of more than 36 months: CRISIL Composite Bond Fund Index. The minimum application amount is Rs.5000 and in multiples of Re 1 thereafter
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.
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