NFO: DSP BlackRock World Mining Fund
DSP BlackRock mutual fund has launched an open ended fund of funds- DSP BlackRock World Mining Fund.
The primary investment objective of the Scheme is to seek capital appreciation by investing predominantly in the units of BlackRock Global Funds – World Mining Fund. The Scheme may, at the discretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes, which may constitute a significant part of its corpus.
NFO start date: 23-November-2009
NFO End date: 18-December-2009
Issue price: Rs. 10.00
Fund’s other features:
Options: Growth and dividend
Entry load: Nil
Exit load: 1% for units redeemed within one year from allotment date
Minimum application: Rs 5,000 and in multiples of one rupee thereafter
Additional subscription: 100 rupees and in multiples of one rupee thereafter
Fund manager: Vinit Sambre
Download Form: DSP BlackRock World Mining Fund
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Suggestion :
The Fund has given excellent returns and has had a great trackrecord. Invest with a medium to long term view and do not have more than 5% exposure, depending on your risk appetite.
Note, the NFO does not have a SIP. If you want to invest through SIP, you have to wait for the Fund to reopen for regular purchase.