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Wednesday, May 6, 1998
DSPML AMC corpus up 233%
Our Market Bureau
MUMBAI, May 5: DSP Merrill Lynch AMC has reported a whopping rise of 233 per cent in funds under its management to Rs 330 crore this year from Rs 99 crore in 1997 when it had tapped the market with equity and bond funds. DFSP Merrill Lynch currently manages three schemes - a bond fund, an equity fund and a liquidity fund. The liquidity fund was launched earlier this year.The DSPML Bond Fund, with income and growth options, has reported annual returns of 14.64 per cent with the net asset value (NAV) rising from Rs 10.04 in April, 1997 to Rs 11.41 in April, 1998. The AMC does not charge a load in bond fund. The scheme had a corpus of Rs 246.99 crore on April 30, 1998. DSPML Equity Fund has given a return of 37.57 per cent in one year since launch. The fund charges a load of 1.5-2 per cent in the equity fund. The corpus of the fund was Rs 30.15 crore as on April 10, 1998. The NAV of the scheme has moved up from Rs 9.90 last year to its current level of Rs 13.62. Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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