DSP launches World Gold Fund.

DSP Merrill Lynch MF launches World Gold Fund

DSP Merrill Lynch Mutual Fund (MF) launched DSP Merrill Lynch World Gold Fund, an open ended fund of funds scheme. The scheme opens on Jul. 25, 2007 and closes on Aug. 23, 2007. The units of the scheme are available at Rs 10 per unit.
ObjectiveDSP Merrill Lynch World Gold Fund (the Scheme) aims at investing in gold mining companies through an international fund, wherein the primary objective is to seek capital appreciation by investing predominantly in units of Merrill Lynch International Investment Funds – World Gold Fund (MLIIF – WGF).
The scheme may also invest in the units of other similar overseas mutual fund schemes.
Options
The scheme offers growth option and dividend option. The dividend option shall have a payout and reinvestment facility. Application Amount
The minimum application amount is Rs 5,000.
The scheme aims at investing 90% to 100% in the units of MLIIF (Merrill Lynch International Investment Funds) – WGF or other similar overseas mutual fund scheme(s) and 0 -10% in money market securities and/or units of money market/liquid schemes of DSP Merrill Lynch Mutual Fund.

Load Structure:

For Regular Investments:There is an entry Load of 2.25% (during NFO & Continuous Offer) if the investment amount is less than Rs 50 million. There is no entry load on investment above Rs 50 million.
There is an exit load of 0.50% if the units are redeemed within six months from the date of allotment.

For SIP InvestmentsThere is an entry Load of 1% (During NFO & Continuous Offer).

There is an exit load of 1.25% if the units are redeemed within two years from the date of allotment.

var AdBrite_Title_Color = ’66B5FF’;
var AdBrite_Text_Color = ’66B5FF’;
var AdBrite_Background_Color = ‘FFFFFF’;
var AdBrite_Border_Color = ‘FFFFFF’;

Advertisements

Your Comments are valued

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s