Thursday, June 24, 2010 11:44 Hrs IST
DSP BlackRock MF Declares Dividend For Floating Rate Fund
Record date for dividend is 28 June 2010
DSP BlackRock Mutual Fund has declared dividend under dividend option in 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 June 2010.
The quantum of dividend is as follows:
Regular Plan: For individuals: Rs 0.095221 per unit, for Others: Rs 0.088747 per unit, NAV : Rs 10.6870 per unit
Institutional Plan: For Individuals: Rs 9.541849 per unit, for Others: Rs 8.893119 per unit, NAV : Rs 1016.8852 per unit.
NAV for the above plans was as on 23 June 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.