DSP-ML Top 100 Equity declares 50% dividend

DSP ML Mutual Fund has declared a dividend of 50% (Rs 5 per unit on face value of Rs 10) in its open ended growth scheme - DSP-ML Top 100 Equity Fund. The objective of the scheme is to generate capital appreciation from a portfolio that is substantially constituted of equity and equity related securities of the 100 largest corporates by market capitalisation, listed in India. (Check out - Recent MF Dividends )

The record date for dividend is May 23, 2008. All unit holders registered under the dividend option of the scheme as on record date will be eligible for this dividend. The NAV of the scheme under dividend option as on May 16, 2008 was Rs 24.612.

The last dividend announced by the scheme was of 50% in June 2007. Over the last one year, DSP-ML Top 100 Equity Fund has yielded 23.3% as compared to 2.14% given by its benchmark BSE 100 as on May 16, 2008.