Sundaram BNP Paribas Mutual Fund has declared dividend under its scheme, Sundaram BNP Paribas India Leadership Fund (open ended equity scheme). The quantum of dividend decided for distribution is 20 per cent that is Rs 2 per unit on the face value of Rs. 10 per unit. The record date decided for distribution of dividend is 11th February, 2010.

Monthly income plans (MIP) of mutual funds seem to have captured the fancy of 'riskaverse' investors. Faced with the prospects of shrinking returns from debt schemes, many investors are turning to their financial advisors for help and the advice they mostly get is the same: '' Invest in MIPs, which have a small exposure (mostly 15-25 %) to equity. The equity component will act as a 'kicker' and give you extra returns.''