DSP Merrill Lynch MF has unveiled DSP Merrill Lynch Fixed Maturity Plan 3 Months Series 3. It is a close-ended income scheme. The scheme has tenure of 3 months. Objective: 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 of each scheme will display a maturity profile that is generally in line with the term of the scheme. The schemes may also use fixed income derivatives for hedging and portfolio balancing. The fund will invest can invest up to 100% in debt instruments and up to 100% in money market. The scheme may invest up to a maximum of 100% of the scheme's net assets in domestic securitised debt.
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