Chola Mutual Fund declares dividend three equity schemes

New Delhi Mar 8 (UNI) Chola Mutual Fund in continuation with its tradition of rewarding investors declared dividends under three of its equity schemes today.

Dividend has been declared in Chola Multi-Cap Fund, Chola Midcap Fund and Cholamandalam Growth Fund. The record date has been fixed as March 20, 2006 for Chola Multi-Cap Fund and March 27, 2006 for Chola Midcap Fund&Cholamandalam Growth Fund.

''Chola MF has always followed an investor centric approach and has been declaring dividends across its schemes on a consistent basis'' said Chief Executive Chola Mutual Fund, Sashi Krishnan.

Chola Multi-Cap Fund aims to provide long term capital appreciation by investing in a well diversified portfolio of equity and equity related instruments across all ranges of market capitalization, said a release from Chola Mutual Funds.

''Chola Midcap Fund aims to generate capital appreciation by investing in midcap stocks that have a market capitalization between Rs 300 crore to Rs 3000 crore. Cholamandalam Growth Fund aims to generate capital appreciation by investing in equity and equity related instruments, the secondary objective is to generate some current income and distribute dividend,'' it added.

Chola Mutual Fund, is promoted by Cholamandalam Investment&Finance Co Ltd. the financial services arm of the 1.5 billion dollars Murugappa Group. Cholamandalam has strong presence in automobile financing, mutual funds, financial products distribution and general insurance.

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