Sundaram 20% maiden dividend

By Our Markets Bureau | 26 Jun 2003

1

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.

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