DSP BlackRock Mutual Fund has rolled out a new close-ended income scheme, Money Life reports. The DSP BlackRock FMP-12M-Series 24 aims to generate returns and capital appreciation by investing in a portfolio of debt and money market securities.
The scheme will invest in securities that mature on or before the date of maturity of the fund. It will be benchmarked by the CRISIL Short Term Bond Fund Index, while Dhawal Dalal will be its portfolio manager.
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