StanChart MF declares dividends in 2 equity funds

Standard Chartered Mutual Fund has announced a maiden dividend of 15% (i.e. Re 1.50 per unit on the face value of Rs 10) in Standard Chartered Imperial Equity Fund and Standard Chartered Enterprise Equity Fund. (Check out - Recent MF Dividends )

Standard Chartered Imperial Equity Fund, is an open-ended equity scheme.  The objective of the scheme is to generate capital appreciation and or provide income distribution from a portfolio of predominantly equity and equity related instruments.

Standard Chartered Enterprise Equity Fund is a close-ended equity scheme. The objective of the scheme is to generate capital appreciation and or provide income distribution from a portfolio of predominantly equity and equity related instruments including equity derivatives. The scheme may also invest in debt and money market instruments to generate reasonable income.

All investors registered under the dividend option of the scheme as on May 14, 2008 will receive this dividend. The NAV as on May 7, 2008 under the dividend plan of Standard Chartered Imperial Equity Fund was Rs 15.7805 and under the dividend plan of Standard Chartered Enterprise Equity Fund was Rs 14.8388.

Over the last one year, Standard Chartered Imperial Equity Fund and Standard Chartered Enterprise Equity Fund has yielded 25.2% and 24.5% respectively as compared to 25.39% given by their benchmark BSE 200 as on May 12, 2008.

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