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Sundaram Bond Saver Announces Quarterly Dividend

Sundaram Bond Saver has announced a quarterly dividend of 5.25 per cent (Rs 5.25 per unit). The record date for the same is March 22, 2002. The current payout is higher than the 3 per cent dividend declared in December 2001. Since its launch in November 1997, the fund has paid an aggregate dividend of 45 per cent spread over twelve dividend payments.

It is an above average performer among the medium-term debt funds with a decent long-term track record. The fund has posted a 3-year return of 14.24 per cent, which is higher than the category average return of 13.48, as on March 13, 2002.