DSPML Mutual Fund makes one more addition in its fund's list with the launch of a new fund called DSPML Strategic Bond Fund. It is an open-ended income fund.
The objective of this fund is to generate optimal returns while maintaining high liquidity by actively managing the portfolio comprising of debt and money market securities.
The fund's investment would primarily focus on debt and money market securities having a short-term horizon. It would put up its entire assets in money market and debt instruments with residual maturity of 367 days.
Face Value: Rs.1000
Offers opened: April 23, 2007
Offers closes: May 3, 2007
Plans: Regular and Institutional
Options: Dividend (payout and reinvestment) and Growth
Regular: Rs 5000
Institutional: Rs 5 crore
Benchmark Index: Crisil Composite Bond Fund Index
Fund Manager: Mr. Dhawal Dalal
Load Structure: Would not charge any entry or exit load