National Equity Fund celebrates 15 years

DIVIDENDS: The National Equity Fund declared its 16th Annual dividend on March 22.The Fund which pays out annual dividends in March each year, has done so continuously from its inception in 1992.

This year too, the Managers, National Asset Management Ltd (NAMAL) have announced a dividend of Rs. 2.00 per unit. This translates to a 20% dividend for investors who entered the fund at Rs. 10.

“What is significant, is that we have distributed Rs. 2.00 per unit or a 20% dividend consistently for the last four years” Fund Manager at NAMAL Praboodha Samarasekera said.

Being a Balanced fund that invests in both the Equity and Debt markets, the Fund has the added advantage of being able to change its asset allocation to best suit the movements of the respective market, thereby adding value to the investor irrespective of which market performs.