Chennai: Sundaram Mutual has proposed a dividend of 3.5 per cent (Rs 0.35 per unit of Rs 10 face value) for the unit-holders of Sundaram Bond Saver, its flagship income fund.

The record date is fixed as 25 April 2003. The corpus of Sundaram Bond Saver was Rs 845 crore as on 21 April 2003.

The current net asset value (NAV) of the dividend option is 10.8589 as on 21 April 2003. The investment objective of the fund is to attain capital appreciation.