DSP BlackRock Global Funds have a launched a NFO. This open ended scheme is launched with a primary objective to gain capital appreciation by investing in the units of BlackRock Global Funds – World Energy Fund and BlackRock Global Funds – New Energy Fund.
This is a fund of funds schemes, which means they invest in the units of other similar overseas mutual fund schemes. They also intend to invest in money market securities and/or money market/liquid schemes of DSP BlackRock Mutual Fund.
Details of the scheme:
Minimum Investment is Rs. 5000 and increment of Rs.1000. SIP facility is allowed and NRIs are allowed to invest. The issue is open till 31 July 2009.
Investors can look out for other opportunities.
Sector funds and fund of funds are always have their own risks.
High Risk appetite investors and those who have good knowledge of the Energy Sector should definitely Look at adding this Fund to their Portfolio.