10% Dividend Announced In LICMF Tax Plan Fund

LIC Mutual Fund has come out with a dividend of 10% (i.e. Rs 1 per unit on the face value of Rs. 10) under the dividend option of LICMF Tax Plan Fund. The record date for the same has been fixed as May 18, 2007. The fund had already declared five dividends so far. The fifth dividend was of 25% which was announced in October 2006.