Sundaram Mutual proposes 25% dividend in Select Focus

By Our Markets Bureau | 09 Sep 2003

Chennai: Sundaram Mutual has proposed a dividend of 25 per cent (Rs 2.5 per unit of Rs 10) in Sundaram Select Focus — Dividend Option, with a record date of 12 September.

The net asset value (NAV) of the dividend option as of 5 September 2003 was Rs 14.2744.

Sundaram Select Focus was launched in July 2002 and seeks to provide capital appreciation by investing in very few, select stocks, and is benchmarked against the S&P CNX NIFTY in terms of performance.