Wednesday, September 12, 2007 10:55 Hrs IST
DSP Merrill Lynch MF declares dividend
Record date for dividend is 16 September 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 1N. The fund house has fixed 16 September 2007 as the record date for the payment of dividend of Rs 21.34 and Rs 21.58 per unit on regular and institutional plan respectively. The face value per unit is Rs 1000.
DSP Merrill Lynch Fixed Term Plan - Series 1N is a close-ended income. The NAV of the regular and institutional option stood at Rs 1,020.80 and Rs 1,020.80 per unit respectively as on 11 September 2007. The scheme seeks capital appreciation by investing in a portfolio of debt and money market instruments securities maturing in line with the term of the scheme. The scheme carry no entry load whereas there will be an exit load of 0.75% if units are redeemed /switched out before maturity.