DSP Merrill Lynch Mutual Fund has been renamed as DSP BlackRock Mutual Fund with effect from November 03, 2008. The following changes in the existing schemes have been notified by DSP BlackRock Mutual Fund:
1. DSPBR Floating Rate Fund has been changed from a liquid scheme to a
non liquid scheme.
Moreover, the existing 'Weekly Dividend Reinvest' option has been
renamed as 'Weekly Dividend', with two sub-options, viz. Payout
(available only in Institutional Plan) and Reinvest.
2. The investment pattern of DSPBR Equity Fund has been changed as:
Equity and equity related securities: Atleast 90%
Debt and Money Market securities: Upto 10%
3. SIP facility has been withdrawn from DSPBR Liquid Plus Fund.
4. SWP and SIP facilities have been introduced in the Institutional Plans of DSPBR Cash Plus Fund, DSPBR Strategic Bond Fund and the equity oriented schemes of the Mutual Fund.
5. The minimum balance to be maintained in the Institutional Plans of all the schemes has been standardized at Rs. 50,00,000.
These changes are effective from November 03, 2008.
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