Dividend Policy

Before the declaration of dividends, the Asset Management Company shall make a provision in consultation with the auditors if the market value of investments falls below the acquisition cost. The method of calculating this provision shall be incorporated in the notes to the accounts.

Surpluses arising solely from the valuation of investments shall not be available for dividend distribution.

Dividend warrants shall be dispatched within 45 (forty-five) days from the declaration of such dividends, and a statement shall be submitted to the commission within the next 7 (seven) days.

The Fund shall create a dividend equalization reserve by appropriating a suitable amount from the income of the Fund.

Before the registration of transfer of ownership, a transferee shall not possess the right to any declared dividend.

There shall be a Cumulative Investment Plan (CIP) scheme in this Fund. Under this scheme, a unit holder, instead of receiving dividends, may reinvest such dividend income to purchase units at a concession rate.