Sundaram BNP Paribas Mutual Fund has announced a dividend of 20 per cent (i.e. Rs.2/- per unit on the face value of Rs 10) under the Sundaram BNP Paribas Tax Saver Fund. The record date for the same will be March 23, 2007.
This is the seventh dividend payout from the fund since its launch. Earlier it had declared a dividend of 25 per cent in December 2006.