DSP Merrill Lynch MF Rolls Out FMP

DSP Merrill Lynch MF has unveiled a new scheme called DSP Merrill Lynch Fixed Maturity Plan 6 Months Series 5 and it is a close-ended income schemes with maturity profile of 6 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 schemes may also use fixed income derivatives for hedging and portfolio balancing. Both funds will invest can invest up to 100% in debt instruments and up to 100% in money market. These schemes may invest up to a maximum of 100% of the scheme's net assets in domestic securitised debt.

The scheme has two plans i.e. regular and institutional plan. Both plans will provide growth and dividend reinvest option. There will no entry load charged for the schemes due to its close-ended structure.DSP Merrill Lynch FMP 6 Months Series 5 charges an exit load of 0.75%, if the investment is redeemed before the maturity date. The minimum investment amount under regular plan will be Rs. 25,000 and in multiples of Re. 1 thereafter for the scheme. The scheme will have the minimum investment amount under institutional plan of Rs.1 crore and in multiples of Re. 1 thereafter.

DSP ML MF Declares Dividend

The DSP ML Financial mutual fund has announced the declaration of dividend under dividend under the dividend reinvestment option of the regular and institutional plan of DSP ML Fixed Maturity Plan –3 Months Series 2. The record date for dividend will be 16 March 2008.

The quantum of dividend is Rs. 0.219500 per unit on the face value of Rs. 10 under regular plan and Rs 0.221900 per unit for institutional plan. The NAV of the scheme was recorded at Rs 10.2084 under regular plan and Rs 10.2107 under institutional plan as on 12 March 2008.

DSP ML Fixed Maturity Plan –3 Months Series 2 is a close- ended income scheme, whose primary investment objective is to seek to generate capital appreciation by investing in a portfolio of debt and money market securities.

The scheme does not charge entry load as it is of close-ended nature. There will be 0.50% an exit load charged on redemption before maturity of the scheme.

DSP Merrill Lynch MF Launches Natural Resources And New Energy Fund

Name of Fund: DSP Merrill Lynch Natural Resources And New Energy Fund

Scheme: It is an open-ended equity growth scheme.

Objective: 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.

Asset Allocation: 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.

Fund Opens: 3 March 2008

Fund Closes: 27 March 2008

Face Value: Rs 10.

Investment Options: The scheme has two plans i.e. regular and institutional plan. Both plans will provide growth and dividend payout and reinvestment option.

Entry Load: The scheme charges an entry load under regular plan and not for institutional plan.

Accordingly, under regular plan, there will be 2.25% an entry load be charged for the purchase amount less than Rs. 5 crore and for purchase amount greater than or equal to Rs. 5 crore, it may not levy any entry load.

Institutional plan does not carry any entry load.

Exit Load:

Under regular plan, the scheme charges an exit load for holding period from date of allotment up to 6 months, it may levy 1% an exit load, it reduced to 0.50% if redemption is made on or after 6 months but before 12 months. If redemption is done on or after 12 months, it may not ask any exit load.

Institutional plan may not impose exit load.

Minimum Investment Amount: The minimum investment amount under regular plan will be Rs. 5,000 and in multiples of Re. 1 thereafter. The investment under institutional plan will be of Rs.5 crore and in multiples of Re. 1 thereafter.

Target Amount: Rs 1 crore

Benchmark Index: 35% BSE Oil & Gas; 30% BSE Metals; and 35% MSCI World Energy

Fund Manager: Mr. Anup Maheshwari

DSP Merrill Lynch MF Launches New FMP Series

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.

DSP Merrill Lynch MF Launches New FMP

DSP Merrill Lynch MF has unleashed a new fund DSP Merrill Lynch Fixed Maturity Plan 15 Months Series 2 and it is a close end income scheme. The scheme has tenure of 15 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 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 securitised debt.