NFO : DSP BlackRock World Agriculture Fund

Asset management company DSP BlackRock Investment Managers recently  launched an agriculture fund, DSP BlackRock World Agriculture Fund.
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.
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