LIC Mutual Fund has announced a dividend of 50 per cent under the dividend option of LIC Index Sensex Fund. The record date is November 22, 2006.
This is going to be fourth dividend payout from the fund since inception. Earlier, it had declared a dividend of 13 per cent in November 2003, 15 per cent in January 2004 and 50 per cent in January 2006.
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