DSP BlackRock Mutual Fund has announced a change in the name of DSPBR Floating Rate Fund, with effect from March 12, 2012. Now, it will be renamed as DSP BlackRock Income Opportunities Fund.
Its exit load has also been revised. Now, it will charge 1% if redeemed within 9 months from the date of allotment. Presently, it is Nil.
Additionally, it has also introduced monthly as well as quarterly dividend options under regular and institutional plans.