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Grindlays SSI Pays Quarterly & Half-yearly Dividend

Grindlays Super Saver Income (SSI) Fund has paid a quarterly dividend of 7.5 per cent (Rs 0.75 per unit) and a half-yearly dividend of 9.85 per cent (Rs 0.985 per unit). The record date for the same was March 12, 2002.

This is the highest dividend paid by Grindlays SSI under both of its plans since its launch in July 2000. Under half-yearly plan, the fund has earlier paid two dividends of 6 per cent each in March 2001 and September 2001.

In Quarterly dividend option, this is the sixth dividend from the fund. Earlier dividend payouts were - 2.5 per cent each in Dec '00 and Mar '01, and 3 per cent each in June '01, Sept '01 and Dec '01.