DSP Mutual Fund files offer document for NIFTY 10 YR BENCHMARK G-SEC ETF
DSP Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘DSP NIFTY 10 YR BENCHMARK G-SEC ETF'. The New Fund Offer price will be Rs 10 during the NFO. Entry load and Exit load will be Nil. The Scheme does not offer any Plans/Options under the Scheme and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance will be benchmarked against Nifty 10 Yr Benchmark G-Sec Index. The minimum application amount will be Rs 5000 and in multiples of Re 1 thereafter.
The investment objective of the scheme is to track Nifty 10 yr Benchmark G-Sec Index and seeks to generate returns that are commensurate (before fees and expenses) with the performance of the underlying Index.
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