Markets

Sundaram MF declares 10 dividends in as many weeks

Our Bureau Mumbai | Updated on May 27, 2014


Sundaram Mutual has declared dividends in ten equity funds in the last ten weeks. Sundaram Asset Management Company has paid out dividends to about 67 per cent of its investors who have invested in dividend options across its equity schemes.

The ten equity funds in which dividends were paid include Sundaram Select Mid Cap, Sundaram Financial Services Opportunities Fund, Sundaram Growth Fund, Sundaram Select Micro Cap — Series I, Sundaram Select Micro Cap — Series II, Sundaram Rural India Fund, Sundaram Equity Multiplier Fund, Sundaram SMILE Fund, Sundaram Tax Saver Fund and Sundaram Select Micro Cap — Series III. Harsha Viji, Managing Director, Sundaram Mutual, said the fund intends to return stock market gains to investors whenever possible by declaring dividends.

Sunil Subramaniam, Deputy CEO, Sundaram Mutual, said more than 3.50 lakh investors would benefit from their investments in just 10 weeks.

Published on May 27, 2014

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