DSP ML MF files an offer document

16 Apr 2008 | 17:24

DSP ML MF files an offer document

Name of Fund: DSP ML Fixed Maturity Plan- 3 Months-Series 10, 11, DSP ML Fixed Maturity Plan- 12 Months- Series 1,2 and DSP ML Fixed Maturity Plan -18 Months Series 3.

Scheme: These schemes are of close-ended income nature. DSP Merrill Lynch FMP 3M Series 10, 11, each having a term of 3 months; DSP Merrill Lynch FMP - 12M Series 1, 2, each having a term of 12 months and DSP Merrill Lynch FMP 18M Series 3, having a term of 18 months, from their respective dates of allotment.

Objective: The primary investment objective of the schemes is to seek capital appreciation by investing in a portfolio of debt and money market securities. It is envisaged that the portfolio of each scheme will display a maturity profile that is generally in line with the term of the scheme. The schemes may also use fixed income derivatives for hedging and portfolio balancing.

Investment options: These schemes have two plans i.e. regular and institutional plans. The scheme offers growth option and dividend reinvestment option.

Asset Allocation: The schemes will invest 0-100% of its portfolio in debt instruments. It will invest 0-100% in money market instruments. Debt instruments may include securitised debts up to 100% of the net assets.

Face Value: Rs 10.

Entry Load: There will be no entry load charged as the schemes are of close-ended nature.

Exit Load: DSP ML FMP 3M Series 6, 7, 8, and 9 charges an exit load of 0.5% if the investment units are redeemed in before maturity date.

DSP ML FMP12M Series 1, 2 and DSP ML FMP 18M Series 3, there will be 1.50% an exit load on redemption before the maturity.

Minimum Investment Amount:

DSP ML FMP 3M Series 10, 11 - The application must be for a minimum amount of Rs. 25,000 and in multiples of Re. 1 thereafter.

DSP ML FMP 12M Series 1, 2 and DSP ML FMP 18M Series 3:

Regular Plan The application must be for a minimum amount of Rs. 25,000 and in multiples of Re. 1 thereafter.

Institutional Plan The application must be for a minimum amount of Rs. 1 crore and in multiples of Re.1 thereafter.

Targeted amount: The Fund seeks to raise a minimum subscription amount of Rs. 10 crore during the New Fund Offer Period of each of the schemes.

Benchmark index:

DSP ML FMP 3M Series 10, 11: CRISIL Liquid Fund Index

DSP ML FMP 12 M Series 1, 2 and DSP ML FMP 18M Series 3: CRISIL Short Term Bond Fund Index

Fund Manager: Mr. Dhawal Dalal