Sundaram 20% maiden dividend
By Our Markets Bureau | 26 Jun 2003
Chennai:
Sundaram Select Focus, an aggressive equity fund of Sundaram
Mutual, has declared a maiden dividend of 20 per cent
(Rs 2 per unit of Rs 10 face value) with the record date
being 20 June 2003. The net asset value of the dividend
option was Rs 12.5018 on 20 June 2003.
Sundaram
Select Focus, benchmarked against the SNPCNX Nifty in
terms of performance, is a concentrated equity fund, which
seeks to
provide capital appreciation by investing in very few
select stocks. The portfolio of this fund at most times
comprises 10 to 20 stocks.