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The Reserve Bank of India announced an increase in the Repo Rate by 50 basis points to 8.5% with immediate effect and Cash Reserve Ratio by 50 basis points to 8.75% in two stages starting July 5 and July 19, 2008. Know more

The following schemes of DSP Merrill Lynch Mutual Fund have been ranked as Five Star Funds at the ICRA Mutual Fund Awards 2008, indicating performance among the top 10% in the relevant category for a one year/ three year period ending December 31, 2007.
  • DSP Merrill Lynch India T.I.G.E.R. Fund has been ranked as a Five Star Fund in the category of 'Open Ended Diversified Equity - Aggressive' schemes for its 1 year performance till December 31, 2007.
  • DSP Merrill Lynch Technology.com Fund has been ranked as a Five Star Fund in the category of 'Open Ended Sectoral - Technology' schemes for its 1 year performance till December 31, 2007.
  • DSP Merrill Lynch India T.I.G.E.R. Fund has been ranked as a Five Star Fund in the category of 'Open Ended Diversified Equity - Aggressive' schemes for its 3 year performance till December 31, 2007.
  • DSP Merrill Lynch Technology.com Fund has been ranked as a Five Star Fund in the category of 'Open Ended Sectoral - Technology' schemes for its 3 year performance till December 31, 2007. Know more


Submission of copy of PAN card is mandatory for all investors (including NRIs) for investing with mutual funds with effect from July 2, 2007.Click here for more details

DSP Merrill Lynch Fund Managers Ltd. has launched a 15 month double indexation FMP, DSP Merrill Lynch FMP – 15M – Series 1. The New Fund Offer (NFO) period closes on December 19, 2007.Click here for more details


DSP Merrill Lynch Mutual Fund adjudged Fund House of the Year. (In the 'Equity' Category for a one year period ending December 31, 2006).
  • Open Ended Diversified Equity – Defensive - DSP ML Equity Fund - 3 Year performance
  • Open Ended Diversified Equity – Aggressive - DSP ML India T.I.G.E.R Fund – 1 year performance
  • Open Ended Diversified Equity – Defensive - DSP ML Opportunities Fund – 3 Year performance
  • Open Ended Liquid - Institutional Plan - DSP ML Liquidity Fund - Institutional Plan -1 year performance
  • Open Ended Gilt - Short Term - DSP ML G Sec Fund - Plan B - 1 year performance. Know more

DSP Merrill Lynch Mutual Fund Adjudged the Best Fund House by MoneyLIFE Magazine! Know more

Total assets under management as of 30 th Nov 2007 was Rs 20960.48 crores.

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PAN & KYC Compliance

As per Securities and Exchange Board of India (SEBI) Circular dated April 27, 2007, Permanent Account Number (PAN) has been made the sole identification number for all participants transacting in the securities market, irrespective of the amount of transaction, effective July 02, 2007. This means that submission of copy of PAN card is mandatory for all investors (including NRIs) for investing with mutual funds with effect from July 2, 2007. Those investors not having a PAN card should apply for PAN immediately and applications for investment should be accompanied by evidence of having applied for PAN (acknowledgement copy of Form 49A). Such investors should, in addition, submit a declaration in Form 60/61 with address proof, if the investment is for a value of Rs. 50,000 or more

 

KYC Requirements

 

Also, with effect from February 01, 2008, all investors (including guardians, joint holders, NRI’s and power of attorney holders) need to complete the process of KYC by submitting a duly filled-up KYC application form along with photograph, photocopy of PAN card and proof of address for individuals or corporate documents for bodies corporate, in accordance with the Prevention of Money Laundering Act, 2002, Rules issued thereunder and related guidelines/circulars issued by SEBI. Investors may submit their applications for KYC, along with the requisite documents, at any ‘Point of Service’ designated by the Central Agency. Investors shall note that with effect from February 01, 2008, completion of the KYC process is mandatory for any investment, whether by way of first time purchase or subsequent purchase, if the investment is for a value of Rs. 50,000 or more.

 

Non-completion of PAN formalities

 

Investors may note that with effect from January 01, 2008, PAN shall be the sole identification number for all investors for transacting in the Scheme(s), irrespective of the amount of transaction. Therefore, investors shall be mandatorily required to submit a photocopy of their PAN card, which shall have been either verified with the original or verified/attested by AMFI registered distributors, bank managers or judicial authorities. Accordingly, submission of Form 49A and/or declaration in Form 60/61 will not be accepted and applications not accompanied by a copy of the PAN Card duly verified, are liable to be rejected.

 

Investors/Unit Holders may contact their distributors, if any, or the ISCs for any additional information/clarification. Any queries/clarifications in this regard may also be addressed to DSP Merrill Lynch Fund Managers Ltd., Investment Managers for DSP Merrill Lynch Mutual Fund, Tulsiani Chambers, West Wing, 11th Floor, Nariman Point, Mumbai 400 021. Phone Number: (91 22) 66578000. One Step Process For PAN & KYC Compliance. If you have any queries e-mail us at dspmlmf@ml.com.