LIC Mutual Fund has declared a dividend of 25 per cent each in its three equity schemes i.e. LIC MF Tax Plan, LIC MF Equity, LIC MF Opportunities. The record date for all three would be October 23,2006
This is the second dividend payout from LIC Tax Plan and Opportunities during this year. Earlier, they had declared a dividend of 20 per cent each in March 2006 and February 2006, respectively. LIC Equity Fund has declared a dividend after a gap of almost an year. Earlier, the fund had declared a dividend of 20 per cent in November 2005.
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