Mumbai, May 29: Morgan Stanley Growth Fund (MSGF) has declared a dividend of 15 per cent on the back of 53.4 per cent growth in net asset value (NAV) at Rs 19.07 per unit for the year ended March 31, 2000.The net asset value ( NAV) rose by 105.7 per cent since MSGF's inception in January 1994 to March 31, 2000, Morgan Stanley Dean Witter Investment Management managing director Vinod Sethi said in a release here on Monday.
During the same period, BSE 200 index increased by 35.4 per cent while the S&P CNX 500 rose by 31.3 per cent, he said.
The top 25 holdings of the fund, which includes Infosys Technologies, Zee Telefilms, Hero Honda, HDFC and automobile major TELCO, account for 84 per cent of the portfolio.
Since March 31, 2000, the scheme's net asset value (NAV) has fallen by 22.39 per cent against a 29.86 per cent decrease in the BSE 200 and a 31.46 per cent decrease in the S&P CNX 500 index, he added.
Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.