LIC Mutual Fund has announced a dividend of 22% i.e. a dividend of Rs 2.20 per unit on face value of Rs 10 under the dividend plan of LICMF Index Fund Sensex Plan. The record date for the dividend is March 7, 2008.
Prior to this, the fund had announced a 20% dividend in March 2007. The fund has announced four dividends since its launch.
LICMF Index Sensex was launched in November 2002 and has given a return of 30.35% for the 3-year period ending March 6, 2008.