MUTUAL FUNDS
DSP Mutual Fund files offer document for FMP - Series 261 to 263
Jan-20-2020

DSP Mutual Fund has filed offer document with SEBI to launch a close-ended income scheme named 'DSP - FMP -Series 261 to 263'. The New Fund Offer price is Rs 10 per unit. Entry load and Exit load will be Nil. The scheme offers growth and dividend options and seeks to collect a Minimum Target Amount of Rs 20 crore.

The performance for schemes having maturity of upto 3 months will be benchmarked against CRISIL Liquid Fund Index, for Schemes having maturity of more than 3 months and of upto 36 months will be benchmarked against CRISIL Short Term Bond Fund Index, for Schemes having maturity of more than 36 months will be benchmarked against CRISIL Composite Bond Fund Index. The minimum application amount for initial purchase is Rs 5000.

The investment objective of the scheme is 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.

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