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February 24, 2005

DSP Merrill Lynch Mutual Fund says “GoMobile!”
The first mutual fund in India to launch a pull-based SMS service

New Delhi, India, February 24, 2005
DSP Merrill Lynch Mutual Fund launches “GoMobile!”, becoming the first mutual fund in India to provide an on-demand SMS-based service that enables you to receive timely updates on your mobile phone using a unique short SMS number 67672855 (6767BULL).

In a fast-paced, rapidly-changing world, DSP Merrill Lynch Mutual Fund continually aims to cater to the needs of its technology-savvy consumers. With this initiative, provided in partnership with ACL Wireless Networks, the firm sets a new service standard for the industry.

Until now, DSP Merrill Lynch Mutual Fund offered event-based alerts, a feature that it will continue to provide. You will continue to be informed of events that are important to you, such as the Sensex crossing a specified level or your scheme's NAV reaching a particular price.

The new SMS service now puts the power in your hands – on your mobile phone, you will only receive the information that you choose. Just SMS a message to 67672855 (6767BULL), and, for your chosen scheme(s), you can get current or past NAVs and dividends.

For example, if you want to know the latest NAV of DSP Merrill Lynch Balanced Fund, just SMS ‘ NAVBA ' to 67672855. If you want to find out the NAV of the same scheme as of a past date, just SMS ‘ HNBA ddmmyy' to 67672855. For a complete list of commands, SMS ‘ BULL' to 67672855 or visit www.dspmlmutualfund.com

DSP Merrill Lynch Mutual Fund launched this service on 22 February 2005 , and encourages you to “ Go Mobile !”

About DSP Merrill Lynch Mutual Fund


DSP Merrill Lynch Mutual Fund is a wholly owned subsidiary of DSP Merrill Lynch Ltd., one of India 's premier financial services companies and Merrill Lynch's joint venture in India . Merrill Lynch & Co. is one of the world's leading capital-raising and advisory companies, and through Merrill Lynch Investment Managers (MLIM), one of the world's largest managers of financial assets. DSP Merrill Lynch Mutual Fund is a premier financial institution providing quality investment management services, with 11 branches across India and over Rs. 6,135 crore of assets under management as of 31 st January, 2005.

Statutory Details: DSP Merrill Lynch Mutual Fund (the Fund) was set up as a Trust by the settlors, DSP Merrill Lynch Ltd. and Merrill Lynch Investment Managers LP, USA . The Sponsor, Trustee and Investment Manager to the Fund are DSP Merrill Lynch Ltd., DSP Merrill Lynch Trustee Company Pvt. Ltd. and DSP Merrill Lynch Fund Managers Ltd. respectively. The Sponsor is not responsible or liable for any loss resulting from the operation of the Scheme beyond the initial contribution of Rs. 1 lakh towards setting up the Fund and such other accretions/additions to same. Risk Factors: Mutual funds, like securities investments, are subject to market and other risks and there can be no assurance that the Schemes' objectives will be achieved. As with any investment in securities, the NAV of Units issued under the Schemes can go up or down depending on the factors and forces affecting capital markets. The NAV of the Schemes' Units may be affected by changes in the general level of interest rates. The past performance of the mutual funds managed by the Sponsors and their affiliates/associates is not necessarily indicative of the future performance of the Schemes. Investors in the Schemes are not being offered a guaranteed or assured rate of return.

About ACL Wireless Limited

ACL Wireless Limited is the leading provider of Real-Time Wireless Messaging services to mobile operators, service providers and enterprises. A pioneer in the wireless instant messaging space, ACL was the first company in Asia and one of the first in the World to successfully conceptualize, develop and commercially launch a wireless instant messaging service. ACL later introduced India6767 - a Neutral Connectivity Platform which is connected across all major mobile operators in India - positioned to address growing Enterprise  and Content Provider requirements to extend select services and real-time interactivity to their mobile-enabled customers across India , over their own unique mobile identity 6767 XXXX . With this platform, Clients can rapidly launch their mobile-enabled services over their chosen 6767 Identity. This platform along with the Service Creation Modules of Automated Query & Response, Broadcast & Alerts, Campaign Manager and Mobile Contact Center provides an end-to-end solution for Enterprise Mobile Messaging.

For further information, please visit the website www.acl-wireless.com or www.india6767.com

ACL Wireless Limited
Corporate Communications
Tel: +91-11-26438813
Email: pr@acl-wireless.com