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Proposed Changes in DSPML GSF


Proposed changes in DSPML G-Sec Fund

DSP Merrill Lynch Mutual Fund has proposed some changes in its DSP Merrill Lynch G-Sec Fund with effect from October 9, 2001.

* Plan A will now be addressed as 'Plan A - Longer Duration Plan' and Plan B as 'Plan B - Shorter Duration Plan'.
* "Recurring Expenses" will be raised to 1.25% of weekly average net assets on a per annum basis from 1%.
* The average maturity of the Plan B - Shorter Duration Plan (earlier Plan B) portfolio will not exceed 3 years.
* Following CDSC structure will be applicable for Plan A - Longer Duration Plan.



Amount
      
  For investments  0 to 90 Days 0.25%
  greater than Rs. 5 lacs  
    
  For investments of  0 to 30 days 0.60%
  Rs. 5 lacs or less than 31 to 60 days 0.50%
  Rs. 5 Lacs 61 to 90 days 0.40%
   91 to 120 days 0.30%
   121 to 150 days 0.20%
   151 to 180 days 0.10%
   Over 180 days Nil
 
* CDSC in case of Plan B - Shorter Duration Plan has been removed. It has now become a no load fund.