DSP Merrill Lynch launches 6 month FMP

MUMBAI: Leading asset management company, DSP Merrill Lynch Fund Managers Ltd, on Friday announced the launch of its six month, DSP Merrill Lynch FMPseries 6.

The New Fund Offer (NFO) period closes on June 10, the company said in a statement here.

It has a minimum investment of Rs 25,000 in regular plan and Rs 1-crore in institutional plan. There will be no entry load and exit load of 0.75 per cent for redemptions before maturity date.

DSP Merrill Lynch Fund Managers offers investors a broad range of investment options across various asset classes and risk parameters.

It currently manages products which include fixed income, equity and hybrid schemes. The firm also offers portfolio management services and offshore advisory services.

As on May 31, the companys assets under management stood at Rs 21,559.6 crore.