Wednesday, October 01, 2008 11:23 Hrs IST

DSP ML MF declares dividend for two FMPs

Record date for dividend is 05 October 2008

DSP ML Mutual Fund has announced dividend under dividend option of DSP Merrill Lynch FMP – 3M – Series 11 and DSP Merrill Lynch FMP – 1M – Series 1. The record date for the declaration of dividend is 05 October 2008.

DSP Merrill Lynch FMP – 3M – Series 11: Proposed quantum of dividend is Rs 0.213818 per unit for individual and Rs 0.199005 per unit for others. The NAV for the scheme was Rs 10.2141 per unit as on 24 September 2008.

DSP Merrill Lynch FMP – 1M – Series 1: This fund will offer dividend for both regular and institutional plan. Proposed quantum of dividend is Rs 0.074806 per unit for individual and Rs 0.069623 per unit for others under the regular plan. And under the institutional plan, quantum of dividend is Rs 0.075156 per unit for the individual and Rs 0.069949 per unit for others. The NAV for regular plan was Rs 10.0544 per unit and for institutional plan was Rs 10.0546 per unit as on 24 September 2008.