Financial Daily from THE HINDU group of publications
Thursday, Mar 31, 2005
Financial Daily from THE HINDU group of publications Thursday, Mar 31, 2005 |
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Markets
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Mutual Funds DSP ML to launch mid-cap fund Our Bureau
Mumbai , March 30 JOINING the list of asset management companies which have recently launched mid-cap funds is DSP Merrill Lynch Fund. The mutual fund has filed its offer document for the mid-cap fund with Securities and Exchange Board of India. The primary investment objective of the fund is to generate long term capital appreciation from a portfolio that is substantially constituted of equity and equity-related securities that are small- and mid-capitalisation stocks. From time to time, the fund manager will also seek participation in other equity and equity-related securities to achieve optimal portfolio construction, according to the offer document. The fund seeks to charge an entry load of 2.25 per cent during the initial public offering as well as subsequently. The minimum application amount for the same is Rs 5,000. The scheme offers both growth and dividend options.
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