DSP Merrill Lynch Mutual Fund has unveiled DSP Merrill Lynch Fixed Maturity Plan 1 Month -Series 1 on 2 September 2008. The NFO will close on 4 September 2008. The new offer price of units Rs 10 per unit. It is a close-ended income schemes with maturity profile of 1 month. 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 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 in money market instruments. It may invest up to a maximum of 100% of the scheme's net assets in fixed income derivatives. Debt securities may include securitised debt up to 100% of net assets. Debt instruments may include fixed income derivatives only for hedging and portfolio balancing up to 100% of scheme's net assets. The scheme has two plans i.e. regular and institutional plan. Both plans will provide growth and dividend reinvest option
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