10% Dividend in Principal Emerging Bluechip Fund
October 12th, 2010
Unit holders of Principal Emerging Bluechip Fund Dividend Option will get a dividend of 10% or Rs. 1 per unit. October 15, 2010 is the record date for the declaration of dividend.
Opened in November 2008, the Principal Emerging Bluechip Fund is an open ended equity scheme. Its investment objective is - “To achieve long-term capital appreciation by investing in equity & equity related instruments of Mid Cap & Small Cap companies”. It is being managed by PVK Mohan since May 2010.
As of August 31, 2010, the scheme had Rs. 313.87 crore as Assets Under Management. Asian Paints, Tata Motors, Hindustan Petroleum Corporation, Lupin, Sun TV, Union Bank of India, Rural Electrification Corporation, Crompton Greaves, TVS Motors and Sintex Industries are its top 10 holdings.
The scheme had Banks (10.65%), Pharmaceuticals (9.44%), Consumer Non Durables (8.95%) and Financials (8.34%) in its top sector allocations.
The previous dividend announcement in this scheme was on July 19, 2009 of Rs. 4 per unit.
Entry Filed under: Mutual Funds, Dividend Announcements, Principal Mutual Fund
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