DSP Merrill Lynch’s 1 Year FMP to close on Oct 10

PFW Bureau / Oct 2

DSP Merrill Lynch Mutual Fund has launched a one-year Fixed Maturity Plan (FMP) DSP Merrill Lynch fixed term plan – series 3H. The New Fund Offer (NFO) will close on October 10, 2007.The scheme seeks capital appreciation by investing in a portfolio of debt and money market securities.
It is envisaged that the portfolio will display the maturity profile that is generally in line with the term of the scheme.

The main features of the scheme are:
- growth & dividend option available,
- minimum investment of Rs 25,000 in regular plan &  Rs 1 crore in institutional plan
- No entry load
- Exit load of 2% for redemptions before maturity date.