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JF India Bond Declares Dividend

JF India Bond Fund has declared a dividend of 5.5 per cent (Rs 0.55 per unit). The record date for the same is March 18, 2002. This is the eighth dividend from the fund since its launch in November 1997. It paid its last dividend of 5 per cent in October 2001.

Jardine Flemming is a small AMC with just two funds under its belt. Apart from a Bond fund, it also manages a closed-end tax saving fund - JF Personal Taxsaver 96. The Bond Fund commands 97 per cent of the AMC's total corpus ZAof Rs 228.66 crore, as on February 28, 2002