Mutual Fund News : DSP Mutual Fund files offer document for Value Fund

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DSP Mutual Fund has filed offer document with SEBI to launch an open ended equity scheme named ‘DSP Value Fund'.

The investment objective of the scheme is to seek to generate consistent returns by investing in equity and equity related or fixed income securities which are currently undervalued.

The performance of the scheme will be benchmarked against Nifty 500 Value 50 TRI.

The New Fund Offer price is Rs 10 per unit and the minimum application amount for initial purchase is Rs 500 and any amount thereafter.

The scheme offers growth and dividend options and seeks to collect a Minimum Target Amount of Rs 10 crore.