DSP Merrill Lynch MF launches FMP Series
DSP Merrill Lynch MF has launched a fund: DSP Merrill Lynch Fixed Maturity Plan 12 ½ Months Series 1. It is a close-ended income schemes with maturity profile of 12 ½ months. The primary investment objective of the schemes is to seek capital appreciation by investing in a portfolio of debt and money market securities.
It is envisaged that the portfolio will display a maturity profile that is generally in line with the Term of the scheme. Both funds will invest can invest up to 100% in debt instruments and up to 100% in money market. These schemes may invest up to a maximum of 100% of the scheme’’s net assets in domestic securitised debt.