Dividend Announced – DSP BlackRock India T.I.G.E.R. Fund

June 20th, 2009  |  Published in Investment

As per the mail received from the DSP Blackrock Investment managers (communications@dspbrimin.com), dividend statement is as given below.

The Trustees of DSP BlackRock Mutual Fund have declared a tax-free dividend as follows:   

Dividend per unit Rs. 2/-
Face Value per Unit Rs. 10/- per Unit
NAV (as on June 17,2009) Rs. 17.429

  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 India T.I.G.E.R. Fund (Dividend Option) as on June 19, 2009. Applications for subscription and switch-ins for the scheme will be accepted upto  June 19, 2009, 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 Regular Plan of the DSP BlackRock India T.I.G.E.R. Fund (Dividend Option) will fall to the extent of payout and statutory levy, if any.    

DSP BlackRock India T.I.G.E.R Fund (The Infrastructure Growth and Economic Reforms Fund) (DSPBRITF) is an open ended diversified equity Scheme, seeking to generate capital appreciation, from a portfolio that is substantially constituted of equity securities and equity related securities of corporates, which could benefit from structural changes brought about by continuing liberalization in economic policies by the Government and/or from continuing investments in infrastructure, both by the public and private sector. Asset Allocation: Equity & equity related securities: 90%-100%; Debt, securitised debt & money market securities 0%-10%; ADR, GDR & foreign securities: 0%-25%. 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 3 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) Entry load (Regular & SIP Purchase in Regular Plan): – 2.25% for investments < Rs. 5 crore. NIL for investments >= Rs. 5 crore, 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 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 Inv estment 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 . DSPBRITF 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 Scheme Information Document and Statement of Additional Information carefully before investing.


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