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Pioneer ITI Mutual Declares Dividend in Two Debt Funds

Pioneer ITI Mutual Fund has declared dividend in two of its debt funds, namely: - Income Builder Account and Monthly Income Plan. The record date for the same was December 24, 2001.

Pioneer ITI Income Builder Account (IBA), a medium term debt fund has declared a dividend of 1 per cent (Rs 0.10 per unit) in its monthly dividend option and 3 per cent (Rs 0.30 per unit) in its quarterly dividend option. The fund has posted an annualized return of 14.2 per cent since its launch in June 1997.

Pioneer ITI Monthly Income Plan (MIP) has paid a dividend of 0.75 per cent (Rs 0.075 per unit) and 2.25 per cent (Rs.0.225 per unit) under its monthly and quarterly dividend plans, respectively. Launched in September 2000, the monthly dividend plan has paid thirteen consecutive monthly dividends. The quarterly dividend plan has paid an aggregate dividend of 9.45 per cent spread over four quarterly payouts.