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KP Pension Plan declares Annual Dividend

Kothari Pioneer Pension Plan has declared an annual dividend of 12 percent (Rs 1.20 per unit). The record date for the same has been fixed as July 13, 2001.

Kothari Pioneer Pension Plan is an open-end balanced fund launched in March 1997. An individual up to 58 years can participate in the scheme with a minimum investment of Rs 10000 payable either in lumpsum or in installments. Also the investments in the scheme are eligible for rebate under Section 88 and are subject to a lock-in of three years.

The fund has doled out an aggregate dividend of 48 per cent over four annual payouts till date and posted an annualized return of 12.88 per cent as on July 10, 2001.