DSP Merrill Lynch mutual fund has extended the new fund-offering (NFO) period of DSP Merrill Lynch Fixed Term Fund Series 48 from 7 April to 15 April 2008. The issue was opened for subscription on 24 March 2008. DSP Merrill Lynch Fixed Term Fund Series 48 is close-ended debt fund with the duration of 12 months. The NFO price for the fund is Rs 10 per unit. The minimum investment amount under regular plan is Rs. 5,000 and in multiple of Re 1 thereafter. The minimum investment amount under institutional plan is Rs. 1 crore and in multiple of Re 1 thereafter.
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