DSP Merrill Lynch MF Launches New Fund

DSP Merrill Lynch has rolled out DSP Merrill Lynch World Gold Fund and it is open-end, Fund of Funds Scheme. The fund would predominantly invest in units of Merrill Lynch International Investment Funds- World Global Fund (MLIIF- WGF). In addition to this, a significant part of its corpus would be invested in units of other similar overseas mutual fund schemes. This is the first fund to invest in gold mining companies through an international fund. The fund would invest 90 to 100% in units of MLIIF-WGF or other similar overseas mutual fund schemes and 0 to 10% in money market securities or in units of money market schemes of DSP Merrill Lynch Mutual Fund.