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Thursday, March 26, 2009

JM MIP Fund offers dividend

Record date for dividend is 30 March 2009

JM Financial Mutual Fund has proposed to declared dividend under dividend option of JM Monthly Income Plan (MIP) Fund. The record date for the dividend is 30 March 2009.

The fund house has decided to offer dividend under Quarterly dividend and Annual dividend option. The quantum of dividend will be up to 3.839% i.e. Re 0.3839 per unit.

The NAV under Quarterly dividend option was Rs 10.4475 per unit and under Annual dividend option was Rs 11.1133 per unit as on 24 March 2009.

JM MIP Fund, an open-ended income scheme was launched in September 2003 with an investment objective of generating regular income, primarily through investments in fixed income securities so as to make monthly, quarterly and annual dividend distribution, declare bonus in the growth option.

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