DSPML Mutual Fund has introduced daily and weekly dividend plans under the DSPML Liquidity and Short Term Plan respectively. This will be effective from May 5, 2003. The units will be offered at Rs.10/- per unit on the effective date and subsequently at NAV related price.
The following facilities are also being offered in DSPML liquidity and Short Term Funds. The two funds now offer the facility to subscribe units on Saturdays subject to receipt of such applications at the specified offices of the AMC before 10 AM. The unit holders of these funds can also make requests for redemption payout on Saturday subject to specified terms & conditions and subject to receipt of such request at the specified offices of the AMC before 12 noon of the immediately preceding Business Day.