Cholamandalam Mutual Fund has paid dividends in three of its debt funds-: Chola Triple Ace, Chola Freedom Income and Chola Gilt Fund.
The Savings plan of Chola Gilt Fund paid a monthly dividend of 0.70% (Rs 0.07 per unit). The fund has paid an aggregate dividend of 9% over 13 monthly pay-outs since its launch in March 2000. In anticipation of a bank rate cut, the fund has stretched its portfolio maturity beyond one year for the first time in the month of May 2001.
The Chola Gilt-Investment Plan paid a quarterly dividend of 3.5% (Rs 0.35 per unit). The fund has paid an aggregate dividend of 4% over 4 quarterly payouts.
The record date for both the plans was June 25, 2001.