Leading Indian mutual fund manager DSP Merrill Lynch Fund Managers plans to launch a closed-ended capital protected fund by the end of this year, according to local press reports.
"We are planning to launch a capital protected fund. A draft offer document in this regard would be filed with SEBI soon," said president and CIO S Nagnath, who promised subscription will open by December.
He would not disclose further information, saying details were being finalised. However, there may be more than one maturity on offer between three and five years.
The fund house manages assets of more than INR115,000,000,000 (US$2.5bn).
