DSPML Mutual Fund has extended the initial offer period for its TIGER and Savings Plus (Aggressive and Conservative Plans) from May 20 to May 25, 2004.
DSPML TIGER Fund is a diversified equity scheme, which aims at capturing the flavour of rapid economic growth in India, TIGER being an acronym for The Infrastructure Growth and Economic Reforms Fund.
As the name suggests, DSPML TIGER fund will focus on companies in sectors that will benefit from structural changes brought about by continuing liberalisation in economic policies by the government, which include infrastructure, banking and finance, media, fertilisers, PSU disinvestment and pharmaceuticals among others.
DSPML Savings Plus Fund has come out with two new plans - Aggressive and Conservative Plans. Under the Aggressive plan, the equity exposure can go upto 30 per cent of the portfolio, whereas in the Conservative plan the equity exposure is limited to 10 per cent.
The existing DSPML Savings Plus Fund has been renamed as DSPML Savings Plus - Moderate Plan with effect from April 27, 2004. The fund maintains an equity exposure of upto 20 per cent.
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