Sundaram Mutual Fund declares dividends in 10 equity funds

Sundaram Mutual Fund has declared dividends in its ten equity funds in the last two months. The company has paid out dividends to about 67% of its investors who have invested in dividend option across its equity schemes, said a press release issued by Sundaram MF.

In the press release, Harsha Viji, Managing Director, Sundaram Mutual, said that, “Sundaram Mutual has intent to return stock market gains to our investors whenever possible by declaring dividends. By declaring dividends in 10 equity funds we have fulfilled that aspiration. More than half of our investors are in the dividend option which shows their expectations from our fund house and of which we are attempting to fulfill through these payouts.”

Sunil Subramaniam, Deputy CEO, Sundaram Mutual, said, “We at Sundaram Mutual believe that dividend paid is ‘performance delivered’. This dividend bonanza is a way of helping retail investor book profits and it’s always great to see our investors reap the gains of their investment with Sundaram Mutual. More than 350,000 Sundaram Mutual investors benefiting from their investments in just 10 weeks infuse a sense of satisfaction within us as it is also the culmination of our efforts to deliver value to our investors.”