The DSP Merrill Lynch Ltd has emerged as the top merchant banker for the year 1998-99 according to Prime database, for funds mobilised through all types of issuances including IPOs, rights (options) issues and private placement. DSP ML has mobilised an aggregate Rs 27,507 crore followed by SBICAPS at Rs 27,161 crore and Kotak Mahindra at Rs 24,566 crore.

Kotak Mahindra MF dividend on July 26

The Kotak Mahindra Mutual Fund plans to announce its first dividend for the K Gilt Savings Plan on July 26. Dividend under the savings plan is proposed to be announced in the last week of every month. The first dividend for the investment plan is proposed to be decalerd in September. The AMC had launched a dividend option for the two plans on May 7. The corpus of K Gilt has crossed Rs 300 crore, up from Rs 85 crore on inception in December, 1998.

Prudential ICICI AMC unveils gilt fund

The Prudential ICICI Asset Management Company has launched its GiltFund. The initial offer is open from July 21 to August 9. With the launch of the Gilt Fund, the AMC will manage six open-ended schemes.