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DSPML Mutual Launches TIGER Fund

DSPML Mutual Fund is launching DSPML T.I.G.E.R. Fund i.e. The Infrastructure Growth and Economic Reforms Fund. As the name suggests the fund will focus on companies which will benefit from structural changes brought about by continuing liberalisation in economic policies by the government.

The fund's initial public offering will open from April 27, 2004 to May 20, 2004. The minimum initial investment is Rs 1,000. The fund would charge an entry load of 2 per cent for investment below Rs. 5 crore. The benchmark of the scheme is BSE 100 Index. The initial issue expense will be met out of the entry load collected during the initial offer period and the balance will be borne by the AMC.