With effect from January 15, 2008, DSPML Mutual Fund has introduced an institutional plan under DSPML Technology.com. After the introduction, the existing plan will be referred to as DSPML Technology.com-Regular Plan.
The following would be applicable for the institutional plan:
The eligible investors under the institutional plan would be banking companies, public financial institutions, insurance companies, FIIs, pension funds, portfolio managers NBFCs and provident funds.
The minimum application amount would be Rs 5 crore and subsequent purchase for a minimum amount of Rs 5 lakh.
There will no entry or exit load.
The estimated recurring expenses would be 1.45 per cent on an annual basis.
It will offer growth and dividend options. The dividend option will offer payout and reinvestment facility.
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