Thursday, February 21, 2008 10:20 Hrs IST
DSP ML MF declares dividend
Record date for dividend is 25 February 2008
The DSP ML Financial mutual fund has announced the declaration of dividend under dividend, as under, in the dividend reinvestment option of the regular and institutional plan of DSP ML Fixed Maturity Plan –3 Months Series 1. The record date for dividend will be 25 February 2008.
The quantum of dividend is Rs. 0.217000 per unit on the face value of Rs. 10 under regular plan and Rs 0.219500 per unit for institutional plan . The NAV of the scheme was recorded at Rs 10.2066 under regular plan and Rs 10.2086 under institutional plan as on 20 February 2008.
DSP ML Fixed Maturity Plan –3 Months Series 1 is a close- ended income scheme, whose primary investment objective is to seek to generate capital appreciation by investing in a portfolio of debt and money market securities. The schemes may also use fixed income derivatives for hedging and portfolio balancing.
The scheme does not charge entry load as it is of close-ended nature. There will be 0.50% an exit load charged on redemption before maturity of the scheme.