DSP BlackRock Mutual Fund floats three months fixed maturity plan

DSP BlackRock Mutual Fund new issue closes on 18th May

DSP BlackRock Mutual Fund has launched DSP BlackRock FMP-3M-Series 35, a close-ended income scheme. The tenor of the plan is three months.

The 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 new issue closes on 18th May. The minimum investment amount is Rs5,000.

CRISIL Liquid Fund Index is the benchmark index. Dhawal Dalal is the fund manager.

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