25 Feb, 2008
MUMBAI: DSP Merrill Lynch Fund Managers on Monday announced the launch of 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, energy and new energy sectors.
A minimum of 65 per cent of the scheme’s corpus will be invested in Indian companies which form a part of these sectors. The scheme also has a provision to invest a maximum of 35 per cent of its corpus in Merrill Lynch International Investment Funds, New Energy Fund and Merrill Lynch International Investment Funds, World Energy Fund and/or through securities of companies domiciled overseas and principally engaged in the sectors of natural resources and alternative energy.
The New Fund Offer will commence on March 3 and close on March 27.
The scheme also has a provision to invest a maximum of 35 per cent of its corpus in Merrill Lynch International Investment Funds, New Energy Fund and MLIIF, World Energy Fund.
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