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Merrill Lynch launches Micro Cap fund
Special Correspondent
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The new fund offer period will close on May 25
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KOCHI:
DSP Merrill Lynch Fund Managers has launched DSP Merrill Lynch Micro Cap Fund, a three-year close-ended equity growth scheme. The new fund offer period will close on May 25.
V. Giish, vice-president, sales, of the company said that Micro Cap stocks offered an opportunity for investors to participate in a variety of entrepreneurial ventures that hold the potential for high growth over medium term to long term. The issue was priced at Rs.10 per unit and minimum investment was Rs.10,000. The scheme would be converted into an open-ended scheme, after three years from the date of allotment, in terms of all applicable SEBI guidelines, says a press release.
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