Merrill NAV at Rs 10.04

MUMBAI: DSP Merrill Lynch Bond Fund and DSP Merrill Lynch Equity Fund which re-opened for fresh purchase and redemption with effect from April 30 have announced their first NAV. The NAV of DSP Merrill Lynch Bond Fund was Rs 10.04 and that of DSP Merrill Lynch Equity Fund was Rs 9.90. While Bond Fund has no entry or exit load the Equity Fund has an entry load of 3 %. The units under both the schemes can be redeemed at NAV. Fresh purchases of the equity fund and switch over from the bond fund will be at the applicable NAV and a 3 % load.

ISCMA

MUMBAI: C V Somaiya, president, Indian Speciality Chemical Manufacturers' Association (ISCMA) has made an appeal to the government to make raw materials available to the Indian Speciality Chemical manufacturers at international prices plus the import duty leviable. Unless this is done immediately already sick units, may come to grinding halt.

Mafatlal Finance

MUMBAI: Mafatlal Finance Company Ltd has revised their interest rates on their ``Family Trust'' deposits, with effect from May 2. It will now offer 15.50 to 17.50% per annum under different periods in the non-cumulative scheme and 17.50 % to 18.50 % on the cumulative scheme.

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