Dundee Mutual Fund paid monthly dividends in three of its debt funds - Dundee Sovereign trust, Dundee Corporate Bond and Dundee PSU bond fund. The record date for the same was July 13, 2001.
Dundee Sovereign trust paid a dividend of 1% (Rs 0.100 per unit). Amidst the volatility in interest rates, this medium term gilt fund has posted a one-month return of 3.27 percent as against the average return of 2.75 percent by its 22-fund category.
Dundee Corporate Bond Fund paid a dividend of 0.70 % (Rs 0.070 per unit). This medium-term debt fund has posted a one-month return of 1.11 percent as against the category average of 1.82 percent.
Dundee PSU Bond Fund paid a dividend of 0.45% (Rs 0.045 per unit). A medium term debt fund, it has posted a return of 0.95 percent while, the average return of 36 funds in its category stands at 1.82 percent.