Friday, October 17, 2008 15:51 Hrs IST

DSP ML MF declares dividend under FMP

Record date for dividend is 21 October 2008

DSP Merrill Lynch Mutual Fund has declared dividend under dividend reinvest option of the regular and institutional plan of DSP Merrill Lynch Fixed Maturity Plan-1M-Series 2, a close-ended income scheme. The record date for dividend is 21 October 2008.

The quantum of dividend under the Regular Plan is:

Individuals: Rs 0.074105 per unit and Others: Rs 0.068971 per unit

The quantum of dividend under the Institutional Plan is:

Individuals: Rs 0.074806 per unit and Others: Rs 0.069623 per unit

The NAV of the regular plan was recorded at Rs 10.0767 and Rs 10.0772 under institutional plan as on 16 October 2008.

DSP Merrill Lynch FMP 1 Month -Series 2 was launched in September 2008, a close-ended income scheme with maturity profile of 1 month. The primary investment objective of the schemes is to seek capital appreciation by investing in a portfolio of debt and money market securities. It is envisaged that the portfolio of each scheme will display a maturity profile that is generally in line with the term of the scheme.

DSP Merrill Lynch FMP 1 Month Series 2 charges an exit load of 0.25%, if the investment is redeemed before the maturity date.

Dhawal Dalal is handling the investments under this scheme.