Sundaram Select Midcap To Pay 25% Dividend

Sundaram BNP Paribas Mutual Fund has come out with a dividend of 25% (Rs 2.5 per unit on the face value of Rs 10) in its open-ended equity diversified scheme - Sundaram BNP Paribas Select Midcap Fund. The investment objective of the scheme seeks to achieve capital appreciation by investing in a diversified basket of midcap stocks.
The record date for the dividend is February 9, 2007. All investors registered in the Dividend Plan of the scheme as on February 9, 2007will receive this dividend. The NAV as on February 6, 2007, under dividend option was Rs 19.19. This is the 10th dividend declared by the scheme, the last dividend declared by the scheme was 40% in October 2006. Over the last one year, Sundaram BNP Paribas Select Midcap Fund has yielded 52.1% as compared to 30.06% given by its benchmark BSE 100 as on February 6, 2007.