Chennai, Feb 28 (UNI) DSP Merrill Lynch Fund Managers today launched its DSP Merrill Lynch Natural Resources and New Energy Fund, an open ended equity growth scheme investing in companies, which form a part of the natural resources and energy sectors.
Talking to newspersons here, company Executive Vice-President Anup Maheshwari said a minimum of 65 per cent of the scheme's corpus would be invested in Indian companies, and a maximum of 35 per cent in Merrill Lynch International Investment Funds.
He said the New Fund Offer (NFO) would commence on March three and close on March 27.
Explaining about the terms of issue, Mr Maheshwari said the new fund would be Rs ten per unit plus applicable entry load (during NFO).
He said the primary investment objective of the scheme was to seek to generate capital appreciation and provide long term growth opportunities by investing in equity and equity related securities of companies domiciled in India, whose predominant economic activity was in the discovery, development, production or distribution of natural resources.
UNI SNR GD 1345