Saturday, December 09, 2006 18:32 Hrs IST
DSP Merrill Lynch MF declares 4.75% dividend on FTP Series 3
The record date for the same has fixed as 10 December 2006
DSP Merrill Lynch Mutual Fund declared a dividend of 4.755% per unit of face value of Rs 10, under the dividend option of the DSP Merrill Lynch Fixed Term Plan Series 3.
The fund house has fixed 10 December 2006, as the record date for the payment of dividend of Rs.0.4755 per unit, pursuant to which, the NAV would fall to the extent of dividend payout and statutory levy if applicable.
All unit holders registered on or before the record date would be eligible to receive the dividend. The NAV of the scheme stood at Rs.10.4687 per unit, as on 6 December 2006.
The DSP Merrill Lynch Fixed Term Plan Series 3 seeks to generate capital appreciation by investing in a portfolio of debt and money market securities. The scheme carries an exit load of 2%, if the units are redeemed before maturity. The minimum investment is Rs.10000 and in multiples of Rs.10 thereafter.