Dividend Announced – DSP Merrill Lynch Technology.com Fund
December 31, 2007: The Trustees of DSP Merrill Lynch Mutual Fund have declared a tax-free dividend as follows:
| Scheme | Dividend per unit * | Record date |
|---|---|---|
| DSP Merrill Lynch Technology.com Fund – Dividend Option | Rs. 10.00 | Jan 4, 2008 |
The dividend shall be payable only to those Unit Holders whose names appear in the register of Unit Holders of DSP Merrill Lynch Technology.com Fund – Dividend Option as on Jan 4, 2008. Applications for subscription, redemption, switch–ins and switch–outs for the scheme will be accepted on Jan 4, 2008, subject to them being complete in all respects and received prior to 3.00 p.m.
Distribution of the above Dividend is subject to the availability and adequacy of distributable surplus. Pursuant to payment of Dividend, the NAV of the Dividend Option of the scheme will fall to the extent of payout and statutory levy, if any. NAV of DSP Merrill Lynch Technology.com Fund – Dividend Option on 28-Dec-07 was Rs. 36.366.
Statutory Details: DSP Merrill Lynch Mutual Fund was set up as a Trust by the settlors, DSP Merrill Lynch Ltd. (DSPML) and Merrill Lynch Investment Managers LP, USA. Sponsors: DSPML, DSP HMK Holdings Pvt. Ltd. and DSP ADIKO Holdings Pvt. Ltd. (collectively) (Liability restricted to Rs. 1 lakh). Trustee: DSP Merrill Lynch Trustee Company Pvt. Ltd. Investment Manager: DSP Merrill Lynch Fund Managers Ltd. Investment Objective: The primary investment objective of the Scheme is to seek to generate long term capital appreciation, and whose secondary objective is income generation and the distribution of dividend from a portfolio constituted of equity and equity related securities concentrating on the Investment Focus of the Scheme. Features: Minimum application amount : Rs. 5000/-; Declaration of NAV on all Business Days; Redemption normally within 3 Business Days; Sale and Redemption of Units on all Business Days at Purchase Price and Redemption Price respectively. Entry Load: 2.25% (for investments < Rs. 5 crore) & 1.00% (for investments through SIP). Exit Load: for holding Period < 6 months : 1.00%~, holding Period >= 6 months but < 12 months: 0.50%~, for holding period >= 12 months : Nil) & 1.25% (for SIP investment - holding period < 2 yrs). ~No load on switch out into any open ended equity scheme (except DSPML Balanced Fund) for investments made on/after September 5, 2007 and into DSPML World Gold Fund on/after October 8, 2007. Risk Factors: Mutual funds, like securities investments, are subject to market and other risks and there can be no assurance that the Scheme’s objectives will be achieved. As with any investment in securities, the NAV of Units issued under the Scheme can go up or down depending on the factors and forces affecting capital markets. Past performance of the sponsor/AMC/mutual fund does not indicate the future performance of the Scheme. DSP Merrill Lynch Technology.com Fund is the name of the Scheme and does not in any manner indicate the quality of the Scheme, its future prospects or returns. Investors in the Scheme are not being offered a guaranteed or assured rate of return. Please read the Combined Standard Offer Document for more details and risk factors.