Dividend Announced - DSP BlackRock Balanced Fund - Regular Plan
The Trustees of DSP BlackRock Mutual Fund have declared a tax-free dividend as follows:
| Scheme | DSP Merrill Lynch Top 100 Equity Fund- Regular Plan (Dividend Option) |
| Dividend per unit * | Rs. 1.5/- |
| Face Value Per Unit | Rs. 10/- per Unit |
| Record date | December 12, 2008 |
The dividend shall be payable only to those Unit Holders whose names appear in the register of Unit Holders of DSP BlackRock Balanced Fund (Dividend Option) as on December 12, 2008. Applications for subscription, redemption, switch-ins and switch-outs for the scheme will be accepted on December 12, 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 BlackRock Balanced Fund (Dividend Option) on 5-Dec-08 was Rs. 15.544.
Statutory Details: DSP BlackRock Mutual Fund was set up as a Trust and the settlors/sponsors are DSP HMK Holdings Pvt. Ltd. & DSP ADIKO Holdings Pvt. Ltd. (collectively) and BlackRock Inc. (Combined liability restricted to Rs. 1 lakh). Trustee: DSP BlackRock Trustee Company Pvt. Ltd. Investment Manager: DSP BlackRock Investment Managers Pvt. Ltd. Investment Objective: The primary investment objective of the Scheme is to seek to generate long term capital appreciation and current income from a portfolio constituted of equity and equity related securities as well as fixed income securities (debt and money market securities). Asset Allocation: Equity & equity related securities: 65%-75%; Debt, Securitised Debt and Money market securities: 25% - 35%. 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: Nil for Direct Investments; (Regular & SIP investors): For investments <Rs. 5 crore: 2.25%; investment ≥ Rs. 5 crore: Nil; Direct investments: Nil; Exit Load (Regular & SIP investors): For investments < Rs. 5 crore: If holding period < 6 months: 1%; ≥ 6 months but < 12 months: 0.50% and ≥ 12 months: Nil Risk Factors: Mutual funds, like securities investments, are subject to market and other risks and there can be no assurance that the Schemes’ objectives will be achieved. As with any investment in securities, the NAV of Units issued under the Schemes 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 Schemes. Investors in the Schemes are not being offered a guaranteed or assured rate of return. Each Scheme/Plan is required to have (i) minimum 20 investors and (ii) no single investor holding >25% of corpus. If the aforesaid point (i) is not fulfilled within the prescribed time, the Scheme/Plan concerned will be wound up and in case of breach of the aforesaid point (ii) at the end of the prescribed period, the investor’s holding in excess of 25% of the corpus will be redeemed as per SEBI guidelines. DSPBRBalF is the name of the Scheme and does not in any manner indicate the quality of the Scheme, its future prospects or returns. For scheme specific risk factors, please refer the Scheme Information Document (SID). For more details, please refer the Key Information Memorandum cum Application Forms, which are available on the website, www.dspblackrock.com, and at the ISCs/Distributors. Please read the SID and Statement of Additional Information carefully before investing.