Mumbai:
Chola MF will declare a dividend of 10 per cent (Re1
per unit on the face value of Rs10) under Cholamandalam
Growth Fund. This is the sixth dividend from the scheme
in the last 18 months. The record date for receiving
tax-free dividend is December 10, 2004. All investors
whose names appear in the register of unit holders as
on that date will be eligible for the dividend. The
net asset value of the fund as on November 30, 2004,
was Rs12.26 per unit.
According
to Sashi Krishnan, chief executive, Chola Mutual Fund,
"Cholamandalam Growth fund is a diversified equity
fund with a bias towards investing in large cap stocks.
The fund seeks to create wealth for investors by creating
a portfolio of companies with promising medium term
potential. The fund invests from a universe of stocks,
which has been arrived at using various filters like
management quality, liquidity, competitive position
and valuations. Companies within this universe are selected
on the basis of their medium term earnings prospects,
relative valuations and restructuring potential".
The
fund offers dividend and growth options. The minimum
application amount is Rs5,000 under both the options.
|
