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DSPML Floating Rate Fund Introduces Inst Plan


DSPML Mutual Fund has introduced an institutional plan under DSP Merrill Lynch Floating Rate Fund with effect from October 18, 2005. Henceforth, the existing plan will be called DSPML Floating Rate Fund- Regular Plan, while the new plan will be referred to as DSPML Floating Rate Fund- Institutional Plan.

The minimum subscription amount for the institutional plan is Rs 1 crore for the first time purchase, while for subsequent purchases, the minimum amount has been kept at Rs 1 lakh. The plan will not charge any entry or exit load.