DSP ML MF launches DSP ML World Gold Fund

Merrill Lynch International Investments Fund - World Gold Fund (MLIIF - WGF). MLIIF - WGF is an open ended scheme. Launched in 1994, it currently manages assets of over US$ 5.4 billion (over Rs. 21,000 crore). The scheme is rated AAA by both S&P Fund Research and Forsyth Partners*. Over its 12 year track record, the scheme has outperformed its benchmark - FTSE Gold mines (cap) Index over the last one, three and five years and since inception.

This scheme is managed by Graham Birch, PhD - Managing Director, Portfolio Manager and Head of Natural Resources team, and Evy Hambro - Managing Director and Portfolio Manager. The Natural Resources team currently manages assets in excess of US$ 34 billion (over Rs. 1,38,550 crore) and has a collective experience of over 75 years in fund management.

Speaking on the occasion of the launch, S. Naganath, President and Chief Investment Officer of DSP Merrill Lynch Fund Managers, said, "Gold bullion has traditionally been a favoured savings instrument for the Indian household. DSP Merrill Lynch World Gold Fund will offer Indian investors the opportunity to benefit from the likely increase in gold prices and significantly enhance their return potential as compared to investing in physical gold or gold ETFs."

The New Fund Offer (NFO) will commence on July 25, 2007 and close on August 23, 2007. The minimum investment amount is Rs 5,000. The fund will charge Entry Load - 2.25% (for regular investments during NFO and Continuous Offer), 1% (for SIP investments during Continuous Offer). Exit Load - 0.50% (for holding period < 6 months), 1.25% (for SIP investments, holding period < 2 yrs).

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