The board of directors of the AMZ Asset Management Limited has announced a bonus for AMZ Plus Income Fund (Apif) of Rs 4.1438 per unit for the period February 25 to June 30, 2006 amounting to 12 percent per annum return on the face value of Rs 100. The board approved distribution of 93 percent of the realised income for this period.
The Net Assets of the AMZ Plus Income Fund as of June 30, 2006 stood at approximately Rs 1.6 billion, which reflects an increase of 430 percent, and has yielded a return of 13.3 percent per annum till date. The AMZ Plus Income Fund was launched on February 25, 2006 with the objective to provide risk-averse investors a safe investment climate by maintaining a short duration portfolio. The Fund seeks to enhance return through active portfolio management using efficient tools to capitalise on the opportunities in the market.-PR
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