DSP Mutual Fund files offer document for Financial Services Sectoral Debt Fund
DSP Mutual Fund has filed offer document with SEBI to launch an open-ended debt scheme named ‘DSP Financial Services Sectoral Debt Fund'. The New Fund Offer price will be Rs 10 per unit during the NFO. Entry load and Exit load will be nil. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option for investment and seeks to collect a Minimum Target Amount of Rs 20 crore.
The performance will be benchmarked against Crisil Financial Services Short Term Debt IndexB-II. The minimum application will be Rs 100 and any amount thereafter.
The investment objective of the scheme is to seek to generate income and capital appreciation by primarily investing in a portfolio of high quality debt and money market securities that are issued by entity/undertakings in Financial Services sector.
