Chola Monthly Income Plan declares 0.50 per cent dividend

Mumbai: Chola Mutual Fund has declared 0.50 per cent dividend (Rs 0.050 per unit of Rs 10) in the monthly dividend option of Chola MIP with the record date being May 25, 2004. The objective of Chola MIP is to generate monthly income through investment in a range of debt, equity and money market instruments. Chola MIP has an uninterrupted dividend track record since inception. Chola MIP is benchmark against the CRISIL MIP Blended Index. The fund is positioned on the principles of safety, stable returns and liquidity.