DBS Chola Mutual Fund has approved to declare dividend under quarterly dividend option of DBS Chola Monthly Income Plan. The record date for the declaration of dividend is 25 March 2009.
The Fund will declare the dividend of Rs 0.30 per unit as on face value of Rs 10 per unit. The NAV for the scheme was Rs 11.5650 as on 18 March 2009.
DBS Chola Monthly Income Plan is an open ended scheme with an objective to generate monthly income trough investment in a range of debt, equity and money market instruments.