Dividend Announced - DSP BlackRock World Gold Fund
The Trustees of DSP BlackRock Mutual Fund have declared a tax-free dividend as follows:
| Scheme | DSP BlackRock World Gold Fund- Regular Plan (Dividend Option) |
| Dividend per unit * | Rs.1.313917 (Individual) and Rs. 1.222893 (Others) |
| Face Value Per Unit | Rs.10/- per Unit |
| Record date | July 10, 2009 |
| NAV (as on July 2, 2009) | Rs. 12.5140 |
The dividend shall be payable only to those Unit Holders whose names appear in the register of Unit Holders of the Regular Plan of DSP BlackRock World Gold Fund (Dividend Option) as on July 10, 2009.
Distribution of the above Dividend is subject to the availability and adequacy of distributable surplus. Pursuant to payment of Dividend, the NAV of the Regular Plan of the Scheme (Dividend Option) will fall to the extent of payout and statutory levy, if any.
DSP BlackRock World Gold Fund (DSPBRWGF) is an open ended fund of funds scheme, investing in gold mining companies through an international fund, and the primary investment objective is to seek capital appreciation by investing predominantly in units of BlackRock Global Funds – World Gold Fund. The Scheme may, at the discretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes, which may constitute a significant part of its corpus. Asset Allocation: Units of BlackRock Global Funds – World Gold Fund or other similar overseas mutual fund scheme(s): 90% to 100%; Money market securities and/or units of money market/liquid schemes of DSP BlackRock Mutual Fund: 0% to 10%. Features: SIP only in Regular Plan, SWP & STP available in each plan of the scheme. Nomination facility available, subject to applicable conditions as per the Statement of Additional Information and Scheme Information Document. Declaration of NAV on all Business Days. Redemption normally within 5 Business Days. Sale and Redemption of Units on all Business Days at Purchase Price and Redemption Price respectively. Minimum investment: Rs.5,000/- (Reg. Plan)/Rs.5 crore (Inst. Plan). Entry load (Regular & SIP Purchase): Reg. Plan - 2.25% for investments < Rs.5 crore. NIL for investments >= Rs. 5 crore, Inst. Plan. – NIL. For Direct investments – NIL. Exit load (Regular & SIP Purchase in Regular Plan): Holding Period < 6 months : 1%, Holding Period >= 6 months but < 12 months: 0.50%, Holding period >= 12 months: NIL; Inst. Plan – NIL. Statutory Details: DSP BlackRock Mutual Fund was set up as a Trust and the settlors/sponsors are DSP ADIKO Holdings Pvt. Ltd. & DSP HMK 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. 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. 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. DSPBRWGF 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 DSPBRWGF shall bear the recurring expenses of the Scheme in addition to the expenses of the underlying scheme(s) in which the Scheme will make investment. 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 Scheme Information Document and Statement of Additional Information carefully before investing.