MCB Asset Management Company Limited (MCB AMC), managing over Rs 15.4bn funds, has announced the results and dividend payouts for MCB Dynamic Cash Fund (MCB DCF), says a press release. The cash dividend unit holders will receive cash dividend of Rs 6.4558 per unit.
The Board of MCB AMC also declared stock dividend of 6.4558 additional units for 100 units held in Growth and Income unit classes at the ex-dividend price of Rs 100 per unit. MCB DCF is one of the largest fixed income funds in the domestic market and its size has grown to over Rs 12.89 billion during a short span of 14 months. It is a low risk, money market fund which primarily invests in fixed income instruments and provides investors an alternative for low yielding bank deposits and National Saving Schemes.-PR
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