Posts filed under 'DSP Black Rock Mutual Fund'
The draft offer documents of the following mutual fund schemes are posted on SEBI website for public view and commenting:
ABN AMRO Sector Select Fund
DSP ML FMP 1M Series 6-11
ICICI Prudential FMP - Series 49
IDFC FMP Monthly Series 9-14
Principal Pnb FMP - 1105 Days - Series I
SBI Capital Protection Oriented Fund Series III
September 12th, 2008
DSPML Mutual Fund has announced a dividend of 50% i.e Rs. 5 per unit on a face value of Rs. 10. The record date for the distribution of dividend is fixed at May 23, 2008.
The NAV of the fund (Regular Plan) is Rs. 24.4560 per unit.
The objectives of the scheme are: “An Open Ended growth Scheme, seeking to generate capital appreciation, from a portfolio that is substantially constituted of equity securities and equity related securities of the 100 largest corporates, by market capitalisation, listed in India.”
The fund is more into Banks (10.35%), Software (10.12%), Petroleum Products (9.63%) amongst others. The funds leading equity stock investments include Reliance Industries (7.01%), Housing Development Finance Corporation (5.28%), Larsen & Toubro (4.98%) amongst others.
This is the seventh time that the scheme has announced dividend. The previous three dividends are: 15 Jun 2007 - Rs. 5.00; 10 Apr 2006 - Rs. 7.50; 30 Nov 2004 - Rs. 2.25
May 20th, 2008
The step may be to curb short term investors in equity funds or those who look to trade on units of mutual funds but DSP ML Mutual Fund has announced exit loads on some of its top equity funds.
Starting from October 8, 2007, DSP ML will be charging an exit load of 1% for investments less than 6 months and 0.50% for investments grater than 6 months but less than 1 year from the date of allotment. The funds for which the exit loads will be applicable include DSPML Technology.Com, DSPML Opportunities, DSPML Top 100 Equity, DSPML India T.I.G.E.R, DSPML Small and Mid Cap Fund and DSPML Equity Fund (regular plan).
October 8th, 2007
DSP Merrill Lynch Mutual Fund has submitted their draft offer documents for its upcoming scheme - DSP ML Focus 25 Fund - to SEBI recently.
The DSP ML Focus 25 Fund will be an open ended equity growth scheme. The scheme will be available in Regular plan and Institutional plan.
The objectives of the scheme, according to the draft offer document filed, is as follows: “The primary investment objective of the Scheme is to generate long-term capital growth from a portfolio of predominantly equity and equity-related securities including equity derivatives. The Scheme will normally hold a core position of between 20 and 30 common stocks. The Scheme may hold a limited number of additional securities at times such as when the Investment Manager is accumulating new positions, phasing out and replacing existing positions, or responding to exceptional market conditions. The Scheme may also invest in debt and money market securities, for defensive considerations and / or for managing liquidity requirements.”
The scheme would be investing a minimum of 65% and a maximum of 100% in Equity and equity related securities. Out of this, a minimum of 0% and a maximum of 25% would be in investments in ADRs, GDRs and foreign securities. A minimum of 0% and maximum of 35% would be invested Debt and Money Market Securities.
S&P CNX Nifty Index is the benchmark index against which the fund performance would be measured.
Growth, Dividend (Payout / Reinvestment) are available.
The minimum application amount for this scheme is Rs. 5000 under the retail plan. Subsequent purchases can be made for which the minimum application amount should be for Rs. 1000. Investors choosing SIP route can invest for a minimum installment SIP amount of Rs. 2000.
For the regular plan, the entry load will be 2.25% for purchase amount < Rs. 5 crore – 2.25% of applicable NAV. The exit load will be 0.5% of applicable NAV if redeemed within 6 months of holding period and nil if investment is held for over 6 months.
For SIP investments, an entry load of 1% of applicable NAV will be charged while exit load will be 1.25% for investments are held for less than 2 years and NIL for investments 2 years or over.
March 3rd, 2007
DSP Merrill Lynch Mutual Fund has announced a dividend of Rs. 7 per unit in the DSP Merrill Lynch Equity Fund. The face value per unit is Rs. 10. The NAV as on January 19, 2007 (the time of declaration of the dividend is Rs. 47.859). The record date for the distribution of dividends is January 25, 2007.
January 22nd, 2007
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