Name of Fund: DSP Merrill Lynch World Gold Fund
Scheme: Open-end, Fund of Funds Scheme
Objective: The fund would predominantly invest in units of Merrill Lynch International Investment Funds- World Global Fund (MLIIF- WGF). In addition to this, a significant part of its corpus would be invested in units of other similar overseas mutual fund schemes. This is the first fund to invest in gold mining companies through an international fund.
Asset Allocation: The fund would invest 90 to 100% in units of MLIIF-WGF or other similar overseas mutual fund schemes and 0 to 10% in money market securities or in units of money market schemes of DSP Merrill Lynch Mutual Fund.
Fund Opens: July 25, 2007
Fund Closes: August 23, 2007
Face Value: Rs 10
Investment Options: Growth, Dividend Payout and Dividend Reinvestment
Entry Load: The fund would charge an entry load of 2.25% for investments less than Rs 5 Cr.
Exit Load: An exit load of 0.50% would be charged if redeemed within 6 months of allotment
Minimum Investment Amount: Rs 5, 000
Benchmark Index: FTSE Gold Mines
Fund Manager: Aniruddha Naha and Dhawal Dalal