Mumbai:
Chola
MF, has declared a dividend of 10 per cent in the Chola
Midcap Fund. (Re1 per unit on the face value of Rs10).
This is the second dividend declared by the fund since
its launch in August 2004. Investors, whose names appear
in the register of unit holders as on January 24, 2005,
would be eligible for the dividend. The net asset value
of the fund as on January 4, 2005 stood at Rs13.01 per
unit.
Chola
Midcap Fund predominantly invests in equity shares of
companies that have a market capitalisation between
Rs300 Crores to Rs3,000 crores. Chola Midcap Fund follows
a disciplined philosophy of building its portfolio through
careful stock selection among midcaps.
"With
rapid economic growth, there are far more business opportunities
opening up, and many mid sized companies are positioned
to benefit from these opportunities. Chola Midcap Fund,
a fund that invests in such mid sized companies, would
be an ideal vehicle for small investors to participate
in the growth." said Sashi Krishnan, chief executive,
Chola Mutual Fund.
Chola
Midcap Fund had earlier declared its maiden dividend
of 10 per
cent on 24 November 2004. The fund offers both, dividend
and growth options. The minimum application amount is
Rs5,000 under both the options.
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