DSP Merrill MF corpus up 233

DSP ML Equity Fund, a growth-oriented scheme, has given annual returns of 37.57 per cent over the same period. The fund charges a load of 1.5-2 per cent in this scheme. This scheme had funds worth Rs 30.15 crore under its management as on April 10, 1998. The NAV of thescheme has moved up from Rs 9.90 last year to Rs 13.62 this year.

quot;The bond fund has invested in a mix of corporate debt, government securities and money market instruments. In the equity fund, the emphasis has been on investment in software, pharmaceutical, consumer non-durables and economic-sensitive sectors such as steel, cement, capital goods and engineering that will benefit from economic recovery,quot; said DSP Merrill Lynch Asset Management8217;s chief investment officer, S Naganath.

DSP ML Liquidity Fund is designed primarily for corporates, trusts and other institutional investors. This scheme provides for liquidity with redemption within 24 hours. The scheme had managed to raise Rs 26 crore during the initial offer period.