DSP BlackRock Mutual Fund has declared 0.6139 per cent dividend under monthly dividend payout option scheme named as “DSP BlackRock Money Manager Fund”, on the face value of Rs 1000 per unit.

The record date for the dividend was May 28, 2012. The NAV of scheme as on May 29, 2012 was at Rs 1001.4806.

As on April 30, 2012, the scheme allocated 67.7 per cent in certificate of deposits, 15.9 per cent in commercial paper, 8.3 per cent in bond, 6.9 per cent in CBLO\Reverse Repo, 3.8 per cent in floating rate notes and (2.7) per cent in net receivables.

The investment objective of ‘DSP BlackRock Money Manager Fund’, an open ended debt-short term scheme, was to generate reasonable returns commensurate with low risk and a high degree of liquidity, from a portfolio constituted of money market securities and high quality debt securities.

The performance of the scheme was standardized against Crisil Short-Term Bond Fund Index and Dhawal Dalal was the fund manager of the scheme.