Sundaram BNP Paribas MF Declares Dividend for Fixed Term Plan

Sundaram BNP Paribas Mutual Fund has declared dividend on the face value of Rs. 10 per unit under dividend option of Sundaram BNP Paribas Fixed Term Plan J (15 Months). The record date for dividend has been set as November 6, 2009.

The quantum of dividend will be 100% of distributable surplus as on the record date. The NAV for regular plan was at Rs. 10.4918 while Rs. 10.5024 per unit for institutional plan as on October 30, 2009.

Sundaram BNP Paribas Fixed Term Plan J (15 Months) is a close-end income scheme with an investment objective to generate income with minimum volatility by investing in a portfolio of fixed income securities.