Thursday, December 24, 2009 11:39 Hrs IST
DSP BlackRock MF Declares Dividend for Floating Rate Fund
Record date for dividend is 28 December 2009
DSP BlackRock Mutual Fund has declared dividend under dividend option of regular and institutional plan of DSP BlackRock Floating Rate Fund. The face value for regular plan is Rs 10 per unit and Rs 1000 per unit for institutional plan. The record date for dividend is set as 28 December 2009
The quantum of the dividend is as follows:
Regular Plan: Dividend is Rs 0.089872 per unit for Individuals and Rs 0.083646 per unit for Others.
Institutional Plan: Dividend is Rs 9.024329 per unit for Individuals and Rs 8.399152 per unit for Others.
DBS BlackRock Floating Rate Fund seeks to generate interest income through investments in acceptable floating rate assets commensurate with the credit risk. The scheme may also invest in fixed rate debt securities.