DSP Mutual Fund has launched the DSP FMP Series-245-5M, a close ended income scheme. The NFO opens and closes for subscription on October 09, 2018. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.
The scheme’s performance will be benchmarked against CRISIL Short Term Bond Fund Index and its fund managers are Laukik Bagwe and Pankaj Sharma.
The investment objective of the scheme is to generate returns and capital appreciation by investing in a portfolio of Debt and Money Market Securities. The Scheme will invest only in such securities which mature on or before the date of maturity of the Scheme.