Monday, March 22, 2010 12:33 Hrs IST
DSP BlackRock MF Declares Dividend For Floating Rate Fund
Record date for dividend is 26 March 2010
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 26 March 2010.
The quantum of dividend is as follows:
Regular Plan: For individuals: Rs 0.086456 per unit, For Others: Rs 0.080466 per unit, NAV : Rs 10.6553 per unit
Institutional Plan: For Individuals: Rs 8.705573 per unit, For Others: Rs 8.102478 per unit, NAV : Rs 1013.7607 per unit.
NAV for the above plans was as on 19 March 2010.
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.