DSP Merill plans two new funds

“The Opportunities Fund will respond to the dynamically changing Indian economy by moving its investments amongst different sectors as prevailing trend changes. The scheme allows the investment manager to be highly concentrated in any two or more sectors such as the life style, pharmaceuticals, cyclical and technology. The investment manager may at any given time have a zero weightage in any or more of the sectors,” he said.

The investment manager will proactively exercise the option of switching into and out of any two sectors completely, to take advantage of changing market condiions.

The proposed launch of the two funds will increase the basket of DSP Merrill Lynch MF from the existing five schemes to seven. The Technology.com Fund and the Opportunities fund will offer unitholders a growth and dividend option, the latter giving two sub-options-payout dividend and reinvest dividend, Kothari added.