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Cangilt PGS declares dividend

Cangilt PGS , an open-ended gilt fund has declared a quarterly dividend of 4% (Rs 0.40 per unit) with a record date of July 10, 2001. With this the aggregate dividend doled out by the fund stands at 15.25%, with the current payout being the highest till date.

Launched in January 2000, Cangilt PGS is positioned for Provident Funds, Gratuity and Super-annuation Funds (PGS). With this focus, the fund invests in instruments as defined by Sec 2(2) of Public Debt Act, 1944. The fund has posted a total return of 16.43% till date as against the return of 17.75% by benchmark JP Morgan G-Sec Index.