DSP Merrill Lynch launches natural resources and new energy fund

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Panaji, Mar 3 (UNI) DSP Merrill Lynch Fund Managers Limited today launched its ''Natural Resources and New Energy Fund'', an open-ended equity growth scheme to tap the burgeoning demand for investment in the two sectors world over.

The new fund offer, open for subscription from today, closes on March 27. A minimum of 65 per cent of the corpus will be invested in Indian companies, which form part of the two sectors and the rest in Merrill Lynch International Investment Funds.

Interacting with mediapersons in this connection, Mohit Bhatia, Head of its banking channel, said that investors, under regular plan, need to invest a minimum of Rs 5,000 and the institutional investors Rs 5 crore.

Buoyancy in world economies and demand for alternative energy resources spur significant demand for investment in natural resources and energy sectors, which the fund managers want to tap, he added.

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