Tuesday, February 5, 2013
by
Indian Real Estate News
On Feb 14, 2013, DSP BlackRockwill be launching the New Fund Offer (NFO) of DSP BlackRock RGESS* Fund - Series 1 ('DSPBRRGESSF' or'Fund').This product is a 3 year close-ended equity fund that would invest primarily in RGESS*eligible securities. The Fund would also invest a certain portion of its corpus in cash and cash equivalent and money market instruments from time to time, primarily for portfolio balancing reasons.
Units of DSPBRRGESSF have been recognized as eligible securities for investors seeking tax benefits under RGESS* and meeting the necessary prescribed conditions.
You can invest in this product during the NFO period Feb 14, 2013 to Feb 28, 2013. By investing in this product, you can:
- Get access to stocks of companies which are amongst the largest in the country today through a mutual fund, and that too at a favorable time
- Get Additional Tax Benefits
- Diversify their portfolio
- Invest in an Actively Managed equity product
For more details, please refer to the Single Pager and FAQs. Also the NFO Key Information Memorandum and Application Form.
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