DSP Merrill Lynch MF Rolls Out Natural Resources And New Energy Fund

DSP Merrill Lynch MF has unveiled a scheme called DSP Merrill Lynch Natural Resources And New Energy Fund and it is an open-ended equity growth scheme. The primary investment objective of the scheme is to seek to generate capital appreciation and provide long term growth opportunities by investing in equity and equity related securities of companies domiciled in India whose pre-dominant economic activity is in the discovery, development, production, or distribution of natural resources, viz., energy, mining etc; alternative energy and energy technology sectors, with emphasis given to renewable energy, automotive and on-site power generation, energy storage and enabling energy technologies.

The fund will invest can invest 65-100% in equity and equity related securities of companies domiciled in India, and principally engaged in the discovery, development, production or distribution of natural resources and alternative energy. It may invest 0-35% in equity and equity related securities of companies domiciled overseas, and principally engaged in the discovery, development, production or distribution of natural resources and alternative energy, in units/shares of Merrill Lynch International Investment Funds - New Energy Fund, Merrill Lynch International Investment Funds - World Energy Fund and similar other overseas mutual fund schemes. The scheme may invest 0-20% of the scheme's net assets in debt and money market securities.