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DSP Merrill unveils “Fixed Maturity Plan 12 ½ Month Series-1” mutual fund

Harish Dhawan 21 March 2008

One of India’s leading mutual funds, DSP Merrill Lynch Mutual Fund has launched a fund “DSP Merrill Lynch Fixed Maturity Plan” (12 ½ Months Series 1) in India market.

The newly launched fund will be a close-ended income schemes, with maturity profile of 12½ months.

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 will display a maturity profile that is generally in line with the Term of the scheme. Both funds will invest can invest up to 100% in debt instruments and up to 100% in money market.

These schemes may invest up to a maximum of 100% of the scheme’s net assets in domestic securitized debt.

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