DSP Merrill Lynch Mutual Fund has declared dividend under dividend reinvest option of the regular and institutional plan of DSP Merrill Lynch Fixed Maturity Plan-1M-Series 2, a close-ended income scheme. The record date for dividend is 21 October 2008.
The quantum of dividend under the Regular Plan is:
Individuals: Rs 0.074105 per unit and Others: Rs 0.068971 per unit
The quantum of dividend under the Institutional Plan is:
Individuals: Rs 0.074806 per unit and Others: Rs 0.069623 per unit
The NAV of the regular plan was recorded at Rs 10.0767 and Rs 10.0772 under institutional plan as on 16 October 2008.
DSP Merrill Lynch FMP 1 Month -Series 2 was launched in September 2008, a close-ended income scheme with maturity profile of 1 month. The primary investment objective of the schemes is to seek capital appreciation by investing in a portfolio of debt and money market securities. It is envisaged that the portfolio of each scheme will display a maturity profile that is generally in line with the term of the scheme.
DSP Merrill Lynch FMP 1 Month Series 2 charges an exit load of 0.25%, if the investment is redeemed before the maturity date.
Dhawal Dalal is handling the investments under this scheme.
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