Mumbai: Sundaram Mutual Fund has declared dividend under its Sundaram Balanced Fund. The record date for distribution of dividend is March 11, 2011.
The quantum of dividend decided for distribution is Rs 6.00 per unit on the face value of Rs 10.
Sundaram Balanced Fund is an open ended balanced scheme with the investment objective is to generate capital appreciation and current income, through a judicious mix of investments in equities and fixed income securities. The scheme is managed by Satish Ramanathan and is benchmarked against CRISIL Balanced Fund Index.
