Principal Mutual Fund has announced a dividend of 50 per cent (i.e. Rs.5/- per unit on the face value of Rs 10) under the Principal Tax Savings Fund. The record date for the same has been fixed as January 15, 2007. There will be a book closure of one day on January 16, 2007.
This is the second dividend payout from the fund since its launch. Earlier it had declared a dividend of 50 per cent in April 2000.
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