Thursday, March 13, 2008 09:58 Hrs IST
DSP ML MF declares dividend
Record date for dividend is 16 March 2008
The DSP ML Financial mutual fund has announced the declaration of dividend under dividend under the dividend reinvestment option of the regular and institutional plan of DSP ML Fixed Maturity Plan –3 Months Series 2. The record date for dividend will be 16 March 2008.
The quantum of dividend is Rs. 0.219500 per unit on the face value of Rs. 10 under regular plan and Rs 0.221900 per unit for institutional plan. The NAV of the scheme was recorded at Rs 10.2084 under regular plan and Rs 10.2107 under institutional plan as on 12 March 2008.
DSP ML Fixed Maturity Plan –3 Months Series 2 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 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.