DSP Mutual Fund files offers document for SP BSE BFSI Next Index Fund
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DSP Mutual Fund has filed offer document with SEBI to launch an open ended scheme named ‘DSP SP BSE BFSI Next Index Fund'. The New Fund Offer price is Rs 10. Entry load and Exit load will be nil. The Scheme offers growth and dividend options only for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance of the scheme will be benchmarked with S&P BSE Diversified Financials Revenue Growth Index. The minimum application amount is Rs 500 and in multiples of Re1 thereafter.
The investment objective of the scheme is to generate returns that are commensurate with the performance of the S&P BSE Diversified Financials Revenue Growth Index, subject to tracking errors.
