DSP BlackRock Changes Dividend Reinvestment Norms for Discontinued Options
By News Desk | Oct 26, 2012
DSP BlackRock Mutual Fund has announced that the dividend declared under the daily dividend reinvestment option of the institutional plans of DSP BlackRock Strategic Bond and Liquid fund shall be reinvested in the weekly dividend reinvestment option of the institutional plans of the respective schemes in consequent to the recent guidelines of SEBI pertaining to single plan for each scheme.
Moreover, the dividend declared under reinvestment options of discontinued plans of Money Manager and Income Opportunities Fund shall be reinvested in the corresponding options of the regular plans of the respective schemes.
The changes shall be effective from November 1, 2012.