DSP BlackRock Mutual Fund is planning to unveil an open ended fund of funds scheme, MoneyGuru India reports. The DSP BlackRock Global Allocation Fund will invest in international funds, including the BlackRock Global Funds - Global Allocation Fund.
The scheme may also invest in money market securities and money market schemes of the DSP BlackRock Mutual Fund. The fund is benchmarked against 36% S&P 500 Composite, 24% FTSE World (ex-U.S.), 24% ML U.S. Treasury Current five Year and 16% Citigroup Non-USD World Government Bond Index. The scheme will be managed by Mehul Jani.
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