The MCB Asset Management Company Limited (MCB AMC), currently managing over Rs 18.5 billion under three funds, has announced the results of MCB Dynamic Cash Fund, MCB Dynamic Stock Fund, and the MCB Dynamic Allocation Fund for the period ended March 31, 2008.
The company also declared pay-outs in the MCB Dynamic Cash Fund based on Net Asset Value as on April 26, 2008. An interim cash payout of Rs 3.3004 per unit for cash dividend units was declared while Growth and Income units holders will receive 3.1520 units per 100 units on MCB Dynamic Cash Fund. The Unit Holders who where invested in the Fund at the close of business hours on April 26 2008 will be entitled to these payouts.
MCB AMC, a wholly-owned subsidiary of MCB Bank Limited, launched its two funds on March 1, 2007. With only 13 months in operation MCB AMC, currently managing over Rs 8.5 billion under three funds is already amongst the top few companies in the country in terms of funds under management and has one of the largest retail fund distribution networks in the country.-PR
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