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Business News/ Opinion / Online-views/  DSP Merrill Lynch Mutual plans income fund
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DSP Merrill Lynch Mutual plans income fund

DSP Merrill Lynch Mutual plans income fund

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Reuters

Mumbai: DSP Merrill Lynch Fund Managers Ltd said on 22 March it will launch a closed-end income fund with a maturity of three months.

DSP Merrill Lynch Fixed Term Plan-Series1J will be available for subscription between 23-28 March, it said.

The fund will not charge any entry load but will levy an exit load of 0.75% for redemption before maturity, it added.

The fund house managed assets worth about Rs13,600 crore at the end of February, data from Association of Mutual Funds in India showed.

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Published: 22 Mar 2007, 07:27 PM IST
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