Wednesday, July 11, 2007 17:48 Hrs IST
DSP Merrill Lynch MF declares dividend
Record date for dividend is 15 July 2007
DSP Merrill Lynch Mutual Fund has declared dividend under the dividend re-investment option of the regular and institutional plan of DSP Merrill Lynch Fixed Term Plan - Series 1K. The fund house has fixed 15 July 2007 as the record date for the payment of dividend of Rs 23.89 and Rs 24.12 per unit on regular and institutional plan respectively.
The NAV of the regular and institutional option stood at Rs 1,022.68 and Rs 1,022.89 per unit respectively as on 10 July 2007. The investment objective of the scheme is to achieve growth of capital by investing in a portfolio of fixed income securities maturing normally in line with the duration with the scheme.