Wednesday, March 07, 2012 14:59 Hrs IST

DSP BlackRock MF Declares Dividend for FMP - 12M - Series 15

Record date for dividend is 12 March 2012

DSP BlackRock Mutual Fund has declared dividend on the face value of Rs 10 per unit under dividend payout option of DSP BlackRock FMP - 12M - Series 15. The record date for dividend is set as 12 March 2012 and the scheme will mature on the same date.

The quantum of dividend will be upto 100% of distributable surplus as on the record date. The scheme recorded NAV of Rs 10.2012 per unit as on 5 March 2012.

DSP BlackRock FMP - 12M - Series 15 is a closed ended income scheme which has the primary investment objective to seek capital appreciation by investing in a portfolio of debt and money market securities. The scheme will invest only in such securities which mature on or before the date of maturity of the scheme. The schemes may also use fixed income derivatives for hedging and portfolio balancing.