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.