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DSP Mutual Fund (MF) has launched the DSP Floater Fund, an open-ended debt scheme predominantly investing in floating rate instruments (including fixed rate instruments converted to floating rate exposures using swaps/ derivatives. The NFO opens for subscription on March 04, 2021, and closes on March 17, 2021. The Entry load and the Exit Load is nil for the scheme. The minimum subscription amount is Rs 500 and any amount thereafter.

The performance of the Scheme will be benchmarked with CRISIL Short Term Gilt Index and its fund manager is Saurabh Bhatia.

The primary objective of the scheme is to generate regular income through investment predominantly in floating rate and fixed rate debt instruments (including money market instruments).