The Principal PNB mutual fund has announced the declaration of dividend under dividend option of Principal Resurgent India Equity fund. The record date for dividend will be 10 March 2008.
The quantum of dividend is 42.5% i.e. Rs. 4.25 per unit on the face value of Rs. 10. The NAV of the scheme was recorded at Rs 17.07 as on 4 March 2008.
Principal Resurgent India Equity Fund is an open-ended equity scheme, whose investment objective is to generate long-term capital appreciation by predominantly investing in equity and equity related securities of Indian companies that are perceived to be potential growth stories.
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