Tuesday, December 26, 2006 16:28 Hrs IST
DSP Merrill Lynch MF declares 1.8% dividend on Short Term Fund
The record date for the same has been fixed as 28 December 2006
DSP Merrill Lynch Mutual Fund has declared a dividend of 1.8% per unit of face value of Rs.10, under the dividend option of DSP Lynch Short-Term Fund.
The fund house fixed 28 December 2006 as the record date, for the payment of dividend of Rs.0.18 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.10.6441 per unit, as on 22 December 2006.
DSP Merrill Lynch Short Term Fund seeks to generate income commensurate with prudent risk, from a portfolio constituted of money market securities, floating rate debt securities and debt securities.