Wednesday, May 21, 2008 12:20 Hrs IST
DSP ML MF declares 50% dividend for Top 100 Equity Fund
Record date for dividend is 23 May 2008
DSP ML Mutual Fund has declared a dividend of 50% i.e. Rs 5 per unit on face value of Rs 10 in its open ended growth scheme - DSP-ML Top 100 Equity Fund.
The objective of the scheme is to generate capital appreciation from a portfolio that is substantially constituted of equity and equity related securities of the 100 largest corporates by market capitalisation listed in India.
The record date for dividend is 23 May 2008. All unit holders registered under the dividend option of the scheme as on record date will be eligible for this dividend.
The NAV of the scheme under dividend option as on 16 May 2008 was Rs 24.612.
The last dividend announced by the scheme was of 50% in June 2007.