Monday, February 28, 2011 11:21 Hrs IST

DSP BlackRock MF Declares Dividend for Tax Saver Fund

Record date for dividend is 4 March 2011

DSP BlackRock Mutual Fund has declared dividend on the face value of Rs 10 per unit under dividend option of DSP BlackRock Tax Saver Fund – Regular Plan. The record date for dividend is set as 4 March 2011.

The quantum of dividend will be Rs 0.50 per unit as on the record date. The scheme recorded NAV of Rs 11.683 per unit as on 25 February 2011.

DSP BlackRock Tax Saver Fund is an open ended equity linked savings scheme whose primary investment objective is to seek to generate medium to long-term capital appreciation from a diversified portfolio that is substantially constituted of equity and equity related securities of corporates, and to enable investors avail of a deduction from total income, as permitted under the Income Tax Act, 1961 from time to time.