Dividend Announced - DSP Merrill Lynch Equity Fund
January 25, 2008: The Trustees of DSP Merrill Lynch Mutual Fund have declared a tax-free dividend as follows:
| Scheme | Dividend per unit * | Face Value per unit | Record date |
|---|---|---|---|
| DSP Merrill Lynch Equity Fund - Regular Plan (Pay Dividend and Reinvestment of Dividend options) | Rs. 7.00/- | Rs. 10/- per Unit | January 25, 2008 |
The dividend shall be payable only to those Unit Holders whose names appear in the register of Unit Holders of DSP Merrill Lynch Equity Fund- Pay Dividend Option and Reinvestment of Dividend option as on January 25, 2008. Applications for subscription, redemption, switch-ins and switch-outs for the scheme will be accepted on January 25, 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 Equity Fund – Dividend Option on 18-Jan-08 was Rs. 61.725.
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 Scheme is an open ended growth scheme, seeking to generate long term capital appreciation, from a portfolio that is substantially constituted of equity securities and equity related securities of issuers domiciled in India. 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). Nil for direct investments. Exit Load: Regular Purchase: For holding Period < 6 months : 1.00%, holding Period >= 6 months but < 12 months: 0.50%, for holding period >= 12 months : Nil : SIP Purchase: holding period < 2 yrs – 1.25%. 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. 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.