DSP MF introduces Global Innovation FoF
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DSP Mutual Fund (MF) has launched the DSP Global Innovation Fund of Fund, an open-ended fund of fund scheme investing in Innovation theme. The NFO opens for subscription on January 24, 2022 and closes on February 07, 2022. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 500 and any amount thereafter.
The performance of the scheme will be benchmarked against MSCI All Country World Index-Net Total Return and its fund managers are Jay Kothari and Kedar Karnik.
The investment objective of the scheme of the scheme is to seek capital appreciation by investing in global mutual funds schemes and ETFs that primarily invest in companies with innovation theme having potential for higher revenue and earnings growth and the Scheme may also invest a certain portion of its corpus in money market securities and/or money market/liquid schemes of DSP Mutual Fund, in order to meet liquidity requirements from time to time.
