 Mumbai:
DSP Merrill Lynch Mutual Fund, an open ended growth
fund, has declared a dividend of Rs6 per unit on a face
value of Rs10 per unit of the DSP Merrill Lynch Equity
Fund. This dividend will be tax-free in the hands of
the investors.
The record date for payment of dividend is December
19, 2005.
Earlier during the year the fund had declared a dividend
of 40 per cent on June 14th, 2005.
The
fund was ranked CRISIL CPR 1^ for the second consecutive
quarter ended September 2005. CRISIL CPR 1^ indicates
"very good performance" in the category, implying
that the scheme ranks within the top 10 per cent of
the 47 schemes considered in the category
of open-ended diversified equity funds, for the two-year
period ending September 2005.
As
on November 22, 2005, the NAV of DSPML Equity Fund was
Rs.34.07.
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