Publish Date:
DSP Mutual Fund has filed offer document with SEBI to launch close-ended income schemes named 'DSP - FMP -Series 261 to 263'.
The investment objective of the schemes will be 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.
The performance of the schemes having maturity of upto 3 months will be benchmarked against CRISIL Liquid Fund Index.
The performance of the schemes having maturity of more than 3 months and of upto 36 months will be benchmarked against CRISIL Short Term Bond Fund Index
The performance of the schemes having maturity of more than 36 months will be benchmarked against CRISIL Composite Bond Fund Index.
The New Fund Offer price is Rs 10 per unit and the minimum application amount for initial purchase is Rs 5,000 and in multiples of Re 1 thereafter. The schemes offer growth and dividend options.
It seeks to collect a Minimum Target Amount of Rs 20 crore.