DSPML Top 100 Equity Fund 50% Dividend
May 20th, 2008
DSPML Mutual Fund has announced a dividend of 50% i.e Rs. 5 per unit on a face value of Rs. 10. The record date for the distribution of dividend is fixed at May 23, 2008.
The NAV of the fund (Regular Plan) is Rs. 24.4560 per unit.
The objectives of the scheme are: “An Open Ended growth Scheme, seeking to generate capital appreciation, from a portfolio that is substantially constituted of equity securities and equity related securities of the 100 largest corporates, by market capitalisation, listed in India.”
The fund is more into Banks (10.35%), Software (10.12%), Petroleum Products (9.63%) amongst others. The funds leading equity stock investments include Reliance Industries (7.01%), Housing Development Finance Corporation (5.28%), Larsen & Toubro (4.98%) amongst others.
This is the seventh time that the scheme has announced dividend. The previous three dividends are: 15 Jun 2007 - Rs. 5.00; 10 Apr 2006 - Rs. 7.50; 30 Nov 2004 - Rs. 2.25
Entry Filed under: Mutual Funds, DSP Merrill Lynch Mutual Fund, Dividend Announcements
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