DSP Mutual Fund files offers document for Business Cycle Fund
DSP Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘DSP Business Cycle Fund'. The offer price will be Rs 10 each. Entry load will be nil and Exit load for holding period from the date of allotment less than or equal to 1 month will be 0.5%; and greater than 1 month will be Nil. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option for investment and minimum target subscription amount for the Scheme to be raised is Rs 10 Crore.
The performance of the scheme will be benchmarked against Nifty 500 TRI. The minimum application amount is Rs 100 and any amount thereafter.
The investment objective of the scheme is to provide long-term capital appreciation by investing in equity and equity related securities with a focus on riding business cycles through dynamic allocation across various sectors / themes / stocks at different stages of business cycle.
