DSP Merrill Lynch has launched two funds - DSPML Top 100 Equity Fund and DSP Merrill Lynch Saving Plus Fund.
DSPML Top 100 Equity Fund is an equity fund that will invest in 100 largest corporates, by market capitalisation. The scheme has an entry load of 2 per cent but no exit load or CDSE will be charged. The minimum investment is Rs 1000 and multiple of Re 1 thereafter.
DSP Merrill Lynch Saving Plus Fund is an income fund but proposes to invest small proportion of equity in 100 largest corporates by market capitalisation. There is no entry or exit load. But for investments between 5 lakh to 50 lakh, CDSC ranging from 0.10 per cent to 0.60 per cent will be charged, depending upon the period of holding of units. The minimum investment here also is Rs 1000 and multiple of Re 1 thereafter.