DSP Merrill Lynch Mutual Fund has introduced a Short Term Plan. The scheme aims to generate income commensurate with prudent risk, from a portfolio constituted of money market securities, floating rate debt securities and debt securities.
The scheme would be open for initial offer from August 30 to September 4, 2002. The minimum initial investment is Rs 5000. The scheme offers Growth and Dividend Options. It would open for ongoing repurchases and resale from September 11, 2002 and would be a no load fund.