Dividend Declared in DSP BlackRock Natural Resources and New Energy Fund

Dividend Announced - DSP BlackRock Natural Resources and New Energy Fund

The Trustees of DSP BlackRock Mutual Fund have declared a tax-free dividend as follows:

Scheme                             DSP BlackRock Natural Resources and New Energy Fund – Regular Plan- Dividend Option

Dividend per unit               Rs. 1.50/-

Face Value per Unit           Rs. 10/- per Unit

Record date                      Mar 25, 2011

NAV (as on Mar 17, 2011)       Rs. 13.805

The dividend shall be payable only to those Unit Holders whose names appear in the register of Unit Holders of DSP BlackRock Natural Resources and New Energy Fund – Regular Plan - Dividend Option as on Mar 25, 2011. Applications for subscription, redemption, switch-ins and switch-outs for the scheme will be accepted on Mar 25, 2011, subject to them being complete in all respects and received prior to the relevant cut-off time.

Distribution of the above Dividend is subject to the availability and adequacy of distributable surplus. Pursuant to payment of Dividend, the NAV of the Scheme (Dividend Option) will fall to the extent of payout and statutory levy, if any.