Chennai: Sundaram Select Midcap, a thematic equity fund from Sundaram Mutual, launched in July 2002, has declared a maiden dividend of 25 per cent (Rs 2.5 per unit of Rs 10 face value) with the record date being 27 June 2003.

The net asset value of the dividend option as on 27 June 2003 was Rs 12.9763.

The fund house had recently declared a maiden dividend of 20 per cent on their concentrated equity fund, Sundaram Select Focus.