Tuesday, March 08, 2011

Sundaram MF Declares Dividend For Balanced Fund

Record date for dividend is 11 March 2011

Sundaram Mutual Fund has announced the declaration of dividend on the face value of Rs 10 per unit under dividend option of Sundaram Balanced Fund. The record date for dividend has been fixed as 11 March 2011. 

The quantum of dividend will be Rs 6.00 per unit as on the record date. The scheme recorded NAV of Rs 16.6899 per unit as on 4 March 2010. 

Sundaram Balanced Fund is an open-end hybrid scheme. The investment objective of the scheme is to generate capital appreciation and current income, through a judicious mix of investments in equities and fixed income securities.