Lotus India MF To Declare Dividend

Lotus India Mutual Fund has announced the declaration of dividend under the dividend option of Lotus India Fixed Maturity Plan - 3 Months Series II. The fund house has notified 27 May 2007 as the record date for the purpose of declaring dividend. Distribution of dividend is subject to availability and adequacy of distributable surplus. Pursuant to payment of dividend, NAV would fall to the extent of dividend payout and statutory levy, if applicable.
The Fund will declare the actual distributable surplus available as on the record date as dividend and the same shall be compulsorily reinvested. The dividend is being declared on a face value of Rs. 10 per unit. NAV of dividend option as on 17 May 2007 for the Retail Plan was Rs. 10.1288 and for the Institutional Plan Rs. 10.1294 .