DSP Merrill Lynch Mutual Fund has rolled out DSP Merrill Lynch Fixed Maturity Plan 12 Months Series 1 and it is a close-ended income schemes with maturity profile of 12 months. 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 scheme will invest up to 100% in debt instruments and up to 100% in money market. It may invest up to a maximum of 100% of the scheme's net assets in fixed income derivatives.
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