DSP Mutual Fund files offer document for CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund
DSP Mutual Fund has filed offer document with SEBI to launch an open-ended constant maturity index fund named ‘DSP CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund'. The New Fund Offer price will be Rs 10 during the NFO. Entry load and Exit load will be nil. The Scheme offers growth and IDCW options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance will be benchmarked against CRISIL-IBX Financial Services 9 to 12 Months Debt Index. The minimum application amount will be Rs. 100 and any amount thereafter.
The investment objective of the scheme is to track the CRISIL-IBX Financial Services 9 to 12 Months Debt Index by investing in Commercial Papers (CPs), certificates of Deposit (CDs) and Corporate Bond Securities, maturing in 9 to 12 months and seeks to generate returns that are commensurate (before fees and expenses) with the performance of the underlying Index.
