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PNB Debt Fund Declares Dividend

PNB Debt Fund has declared a dividend of 5 per cent (Rs 0.50 per unit). The record date for the same has been fixed as March 18, 2002. This is the fourth consecutive dividend of 5 per cent from the fund. It declared its last dividend in November 2001. The fund has so far paid an aggregate dividend of 23 per cent (excluding the current declaration) since its launch in June 1999.

PNB Debt is the largest fund of PNB Mutual, commanding 60 per cent of the total assets under management, as on February 28, 2002.