With effect from 1st April 2007, DSPML Mutual Fund introduces Institutional Plan under its four equity funds:- DSPML Equity Fund, DSPML Opportunities Fund, DSPML Top 100 Equity Fund and DSPML T.I.G.E.R. Fund. The minimum investment amount for the institutional plan would be Rs.5 crores.
There will be no entry or exit load in the plan and the plan offers Growth and Dividend options with payout and re-investment facility. The units of the plan will be available at Rs 10 per unit. After the introduction of institutional plan, the existing plans shall be renamed as ‘Regular Plans’.
Both, Regular and Institutional Plans will have the same investment objective and benchmark index and will share a common portfolio.