Thursday, December 18, 2008 10:36 Hrs IST
DSP BR MF declares dividend for 3 months plan
Record date for dividend is 22 December 2008
DSP BlackRock Mutual Fund has declared dividend under dividend reinvest option of the regular and institutional plan of DSP BlackRock Fixed Maturity Plan-3M-Series 15, a close-ended income scheme. The record date for dividend is 22 December 2008.
The quantum of dividend under the Regular Plan
Individuals: Rs 0.240710 per unit and Others: Rs 0.224034 per unit
The quantum of dividend under the Institutional Plan
Individuals: Rs 0.245002 per unit and Others: Rs 0.228029 per unit
The NAV of the regular plan was recorded at Rs 10.2650 and Rs 10.2694 under institutional plan as on 17 December 2008.
DSP BlackRock FMP 3M-Series 15 was launched in September 2008, a close-ended income scheme with maturity profile of 3 months. 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 3 Months- Series 15 charges an exit load of 0.50%, if the investment is redeemed before the maturity date.
Dhawal Dalal is handling the investments under this scheme.