DSP BlackRock Mutual Fund – DSP BlackRock World Mining Fund

Posted by admin on December 1, 2009 in category: Business, Mutual Fund

DSP BlackRock Mutual Fund has launched a new open ended fund – DSP BlackRock World Mining Fund. The fund will invest into the BGF – World Mining Fund and other similar overseas mutual fund schemes. The face value of the New Fund Offer (NFO) will be Rs 10 per unit.

The scheme offers Regular and Institutional Plan. Each Plan offers growth and dividend option, the dividend option offers dividend payout and dividend re-investment facilities.

The minimum application amount during NFO is Rs. 5,000 and in multiples of Re1/- thereafter for regular plan. The minimum application amount during NFO is Rs 5 crore and in multiples of Re1/- thereafter for institutional plan. Exit load of 1% for redemptions within 12 months from the date of allotment.

The new fund offer (NFO) is open for subscription between November 23, 2009 and December 18, 2009. The fund will re-opens for continuous sale and repurchase not later than January 17, 2010.

For more details: www.dspblackrock.com