Pioneer ITI Mutual Fund has declared dividends in three of its debt funds namely:- Income Builder Account, Treasury Management Account and Monthly Income Plan. The record date for all the above funds was November 29, 2001.
Pioneer ITI Income Builder Account, a medium-term debt fund has declared a monthly dividend of 1 per cent (Rs 0.10 per unit). In the current financial year, the fund has paid an aggregate dividend of 8 per cent in eight consecutive monthly payments including the current payout.
A weekly dividend of 0.145 per cent (Rs 1.45 per unit on face value of Rs 1,000) has been declared in its Treasury Management Account, a short-term debt fund. The fund has posted a 3-months return of 1.95 per cent, as on November 28, 2001.
Pioneer ITI Monthly Income Plan (MIP) has also declared a monthly dividend of 0.75 per cent (Rs 0.075 per unit). Launched in September 2000, the fund has paid a total dividend of 9.57 per cent in twelve monthly payments including the current payout.