DSP Overnight Fund: New Fund Offer (NFO) of DSP Mutual Fund

DSP Overnight Fund: New Fund Offer (NFO) of DSP Mutual Fund being offered from 07-January-2019 to 09-January-2019.

DSP Overnight Fund

According to the DSP Mutual Fund, this scheme is suitable for the investors who are seeking:-

  1. Reasonable returns with high levels of safety and convenience of liquidity over short term, and
  2. Investment in debt and money market instruments having maturity of up to 1 business day
About DSP Overnight Fund NFO
Name of the Scheme DSP Overnight Fund
Fund House DSP Mutual Fund
Scheme Type Open-Ended
Scheme Category Debt Fund
Plans Direct and Regular, Both have Growth and Dividend
Issue Starts 7-January-2019
Issue Closes 9-January-2019
NFO Unit Price Rs 1000 per unit
Minimum Investment Rs 500
Entry Load No
Exit Load No
Investment Manager DSP Investment Managers Private Limited (formerly known as DSP BlackRock Investment Managers Private Limited)
About DSP Mutual Fund

DSP Mutual fund is sponsored by DSP ADIKO Holdings Pvt. Ltd and DSP HMK Holdings Pvt. Ltd. This fund is managed by DSP Investment Managers Pvt. Ltd. (formerly known as DSP BlackRock Investment Managers Pvt. Ltd. DSP Group is a 150 years old Indian financial firm. The family behind DSP Group also consisted of a founding member of the Bombay Stock Exchange. As of September 2018, the company has Asset under Management (AUM) Rs 95,457 crores.

Registered Address: Mafatlal Centre, 10th Floor, Nariman Point, Mumbai – 400021.

Website: www.dspim.com

(Read: NFO: New Fund Offer of Mutual Funds)

Objectives of Scheme (DSP NFO)

According to the fund house, following is the investment objective of the scheme:-

The primary objective of the scheme is to seek to generate returns commensurate with low risk and providing high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day.

There is no assurance that the investment objective of the Scheme will be realized.

Please click here to read the scheme related document.

Disclaimer: This post is just an information about the scheme. It does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing.

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Tags: #NFO #Mutual Fund #New Mutual Fund #DSP NFO #New Fund Offer

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