Mumbai, December 12, 2007: DSP Merrill Lynch Fund Managers Ltd. has launched a 3 month FMP, DSP Merrill Lynch FMP – 3M – Series 2. The New Fund Offer (NFO) period closes on December 12, 2007.
The features of the scheme are as follows:-
- Min Investment
- Rs 25,000 in Regular Plan
- Rs 1 cr. in Institutional plan
- No Entry Load
- Exit Load of 1.5% for redemptions before maturity date
Statutory Details: DSP Merrill Lynch Mutual Fund was set up as a Trust by the settlors, DSP Merrill Lynch Ltd. (DSPML) and Merrill Lynch Investment Managers LP, USA. Sponsors: DSPML, DSP HMK Holdings Pvt. Ltd. and DSP ADIKO Holdings Pvt. Ltd. (collectively) (Liability restricted to Rs. 1 lakh). Trustee: DSP Merrill Lynch Trustee Company Pvt. Ltd. Investment Manager: DSP Merrill Lynch Fund Managers Ltd. Investment Objective: The Scheme seeks capital appreciation by investing in a portfolio of debt and money market securities. It is envisaged that the portfolio will display a maturity profile that is generally in line with the Term of the Scheme. Features: Asset Allocation - Debt instruments: 0% to 100%, Money market instruments: 0% to 100% (Debt Instruments may include securitised debts up to 100% of the net assets); NFO Price - Rs. 10/- per Unit; Minimum Investment - Rs. 25000/- (Reg. Plan), Rs. 1 crore (Inst. Plan); Declaration of NAV and Redemption on every Wednesday or the immediately succeeding Business Day, if the Wednesday is a non Business Day; Exit Load – 0.5% on redemption before the Maturity Date. Risk Factors: Mutual funds, like securities investments, are subject to market and other risks and there can be no assurance that the Scheme's objectives will be achieved. As with any investment in securities, the NAV of Units issued under the Scheme can go up or down depending on the factors and forces affecting capital markets. Past performance of the sponsor/AMC/mutual fund does not indicate the future performance of the Scheme. Investors in the Scheme are not being offered a guaranteed or assured rate of return. The Scheme is required to have (i) minimum 20 investors and (ii) no single investor holding>25% of the corpus of the Scheme. In case of non-fulfillment of either of these two conditions, the investor's money would be refunded, in full, immediately after the close of the New Fund Offer Period. DSPML FMP -3M - Series 2 is the name of the Scheme and does not in any manner indicate the quality of the Scheme, its future prospects or returns. Before investing, please read carefully the Standard Offer Document.