DSP BlackRock Mutual Fund has launched two new close-ended income schemes, India Infoline reports. The DSP BlackRock FMP - 3M - Series 36 will mature in three months, while the DSP BlackRock FMP - 12M - Series 20 will mature in 12 months.
The schemes will seek to invest in debt securities and money market securities with low to medium risk profile. The Series 36 fund will be benchmarked against the CRISIL Liquid Fund Index and the Series 20 fund will replicate the CRISIL Short Term Bond Fund Index.
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