Monday, March 22, 2010 12:16 Hrs IST

DSP BlackRock MF Declares Dividend For Savings Manager Fund

Record date for dividend is 26 March 2010

DSP BlackRock Mutual Fund has declared dividend on the face value of Rs 10 per unit under dividend option of Savings Manager Fund. The record date for the dividend is set as 26 March 2010.

The quantum of the dividend is as follows:

Moderate Plan: For individuals: Rs 0.059301 per unit, For Others: Rs 0.055193 per unit, NAV: Rs. 11.7918 per unit.

Aggressive Plan: For Individuals: Rs 0.40469 per unit, For Others: Rs 0.037665 per unit, NAV: Rs. 11.6338 per unit.

Conservative Plan: For Individuals: Rs 0.088646 per unit, For others: Rs 0.082504 per unit, NAV: Rs. 10.7971 per unit.

NAV of the above plans was as on 19 March 2010.

DSP BlackRock Saving Manager Fund seeks to generate an attractive return, consistent with prudent risk, from a portfolio which is substantially constituted of quality debt securities. The scheme will also seek to generate capital appreciation by investing a smaller portion of its corpus in equity and equity related securities of the 100 largest corporates, by market capitalization, listed in India.