ABN AMRO Tax Advantage Plan Declares 20% Dividend

ABN AMRO Mutual Fund has declared a dividend of 20% (Rs 2 per unit on the face value of Rs 10) in its open-ended Equity Linked Tax Savings Scheme - ABN AMRO Tax Advantage Plan (ELSS). The objective of the scheme is to generate long-term capital growth from a diversified and actively managed portfolio of equity and equity related securities along with income tax rebate, as may be prevalent from time to time. The record date for the dividend is February 29, 2008. All investors registered in the Dividend Plan of the scheme as on February 29, 2008 will receive this dividend. The NAV under the dividend plan of the scheme as on February 22, 2008 was Rs 15.055. This is the second dividend declared by the scheme since its inception. The last dividend declared by the scheme was 10% in March 2007. Over the last one year, ABN AMRO Tax Advantage Plan (ELSS) has yielded 28.9 % as compared to 35.1% given by its benchmark BSE 200 as on February 22, 2008.