LIC MF Declares 50% Dividend In LIC Index Nifty Fund

LIC Mutual Fund has declared a dividend of 50 per cent (i.e. Rs.5/- per unit on the face value of Rs 10) under the LIC Index Nifty Fund. The record date for the same has been fixed as February 02, 2007. This is the fourth dividend payout from the fund since its launch. Earlier it had declared a dividend of 40 per cent in November 2005.