New Delhi, May 10: Sundaram Mutual Fund has announced a 30 per cent dividend to investors of Sundaram Growth Fund. A dividend of 20 per cent was declared on September 29, 1999.The NAV of Rs 18.18 on May 5, 2000 works out to an annualised return of 29.23 per cent at its inception on April 24, 1997. On a cumulative basis, the fund has generated a return of 91 per cent.
The record date has been fixed for May 15, 2000. Sundaram Newton Asset Management Company Ltd (SNAMC) is a 61:39 joint venture between Sundaram Finance Ltd and Newton Investment Management Ltd., UK.
Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.