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IL&FS Bond Pays Annual Dividend

IL&FS Bond Fund has paid a dividend of 35 per cent (Rs 3.5 per unit) in its recently introduced Annual Dividend Option. The record date for the payment of dividend was March 22, 2002.

The fund has introduced this option in order to make the most of the available opportunity of tax-free dividend upto March 31, 2002. The plan is carved out of the Growth Plan of the IL&FS Bond Fund.