It is an an open-ended fund of funds scheme.The scheme hopes to achieve capital appreciation by investing predominantly in the units of BlackRock Global Funds — World Agriculture Fund, the asset management firm said in a statement. Agriculture is a sector represented globally, which has sound fundamentals over the long term, given the rising imbalance between food demand and supply.
Mr. S Naganath, Chief Investment Officer, DSP BlackRock said “We believe agriculture is an investment opportunity with the potential for growth over a long-term investment horizon."
According to the AMFI (Association of Mutual Funds in India ) data, the fund house’s average assets under management stood at Rs 30,022 Cr as on June 30, 2011.
Highlights of Scheme..!
* DSP BlackRock World Agriculture Fund will open for subscription on September 30, 2011 and will close on October 14, 2011.
* The minimum application amount for the scheme is Rs 5,000 and in multiples of Re 1, thereafter. It also offers a systematic investment plan option of Rs 500.
* The scheme offers growth and dividend option and will charge an exit load of 1% if redeemed within a year.
No comments:
Post a Comment