Chola MF declares maiden dividend of 1 per cent in Chola Gilt-PF Plan

Mumbai: Chola Mutual Fund has declared a maiden dividend of 1 per cent (Rs 0.10 per unit of Rs 10) in Chola Gilt - PF Plan, with the record date being March 31, 2004. The NAV as on April 1, 2004 was Rs10.0474 (ex- dividend). The scheme was launched on December 15, 2003. The objective of the scheme is to generate credit risk-free returns for the investors through investment in sovereign securities issued by the Central Government and / or State Government.

Cholamandalam Investment and Finance Company Limited (CIFCL) is part of the Rs 4200-crore Murugappa Group, a pioneer and market leader in several fields with manufacturing facilities across 12 states. Cholamandalam AMC (CAMC), a subsidiary of CIFCL, manages Rs 1052 crore in assets in a range of debt and equity schemes. Some of the popular schemes of Chola MF are, Chola Triple Ace, India's first income fund rated AAA by Crisil, Cholamandalam Growth Fund, an open-ended diversified equity scheme, Chola Liquid Fund, an open-ended liquidity income scheme and Chola Freedom Income Short Term Fund, an open-ended short term income fund.