Mutual Fund News : DSP Mutual Fund introduces DSP Fixed Maturity Plan Series-261-37M

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DSP Mutual Fund has launched a close ended fixed income scheme - DSP Fixed Maturity Plan Series-261-37M.

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.

It is a Fixed Maturity Plan that will mature in 37 months from the date of allotment.

The NFO opens for subscription on April 09, 2020 and closes on April 15, 2020.

The scheme’s performance will be benchmarked against Crisil Composite Bond Fund Index.

The fund will be managed by Mr. Laukik Bagwe.

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 scheme offers Direct Plan and Regular Plan having Growth Option and Dividend payout Option.