DSP Merrill Lynch MF declares 60% dividend on Balanced Fund
DSP Merrill Lynch MF declares 60% dividend on Balanced Fund DSP Merrill Lynch Mutual Fund (MF) declared dividend of 60% per unit, of face value of Rs 10, under the dividend option of DSP Merrill Lynch Balanced Fund. The fund house fixed Sep. 21, 2007, as the record date for the payment of dividend of Rs 6.00, pursuant to payment of which, the NAV will fall to the extent of dividend payout and statutory levy, if applicable. All unit holders registered on or before the record date will be eligible to receive the dividend. The NAV of the scheme stood at Rs 26.376 per unit, as on Sep. 13, 2007. While entry load of 1.00% is levied by the fund house, an exit load of 1.25% is charged on redemption within a year from allocation of units.
