Wednesday, May 9, 2007

DSPML MF Launches Micro Cap Fund

The DSP Merrill Lynch Micro Cap Fund is a three-year, close-ended equity scheme. It will automatically convert into an open-ended scheme after the expiry of three years.
The aim of the fund is to seek long-term capital appreciation by investing in a portfolio that substantially consists of stocks that are not part of the top 300 companies by market capitalisation.

Stocks that are not part of the top 300 companies by market capitalisation will constitute 65%-100% of the portfolio. Stocks that fall in the top 300 category will be allocated 0%-35% of the portfolio.

Debt and money market securities will constitute 0%-35% of the portfolio.

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