Sundaram Tax Saver Fund Declares 20-Pc Dividend

Sundaram BNP Paribas Mutual Fund has come out with a dividend of 20% (Rs 2 per unit on face value of Rs 10) in its open ended ELSS Scheme - Sundaram BNP Paribas Tax Saver. All investors registered under the dividend option of the scheme as on March 23, 2007 will receive this dividend. Pursuant to payment of dividend, the NAV of the schemes would fall to the extent of payout and statutory levy (if applicable). The NAV under the dividend plan of the scheme as on March 16, 2007 was Rs 13.9910. The last dividend announced by the scheme was of 25% in December 2006. Over the last one year, Sundaram BNP Paribas Tax Saver has yielded 6.5% as compared to 9.9% given by its benchmark BSE 200 as on March 19, 2007.