DSP Merill Lynch to launch NFO on Sep 29

Chennai, Sep 27: DSP Merrill Lynch Fund Managers will launch a Small and Mid Cap fund, an open ended equity growth scheme.

The New Fund Offer (NFO) will open on Septmber 29 and close on October 16, company senior Vice-President Anup Maheswari told reporters here today.

Stating that the Indian capital markets were undergoing a scale shift, he said several companies in the small and mid cap category were yet to benefit from this structural change. The Small and Mid cap fund of DSP Merrill would seek to identify and capitalise on such opportunities.

Small and mid cap indices have gnerally outperformed the large cap indices in the long term, but have underperformed in the recent past. Applying the principle of 'buy low, sell high,' the DSP Merrill fund managers endeavour to take advantage of the current market environment for mid and small caps in order to optimise returns, he added.

UNI