The Board of Directors of Atlas Asset Management Limited, an Atlas Group Company, approved the second quarter payouts for its Atlas Income Fund (AIF) and Atlas Islamic Income Fund (AIIF) for the half year ended December 31, 2010. For Atlas Income Fund (AIF), a second interim bonus of Rs 13.75 per unit (2.75% on the face value of Rs 500 per unit).
This is in addition to the first interim dividend of Rs 12.50 per unit (2.5% on the face value of Rs 500 per unit) already paid; making a total of 5.25% for both the quarters. For Atlas Islamic Income Fund (AIIF) a second interim bonus of Rs 12.50 per unit (2.5% on the face value of Rs 500 per unit). This is in addition to the first interim dividend of Rs 12.5 per unit (2.5% on the face value of Rs 500 per unit) already paid; making a total of 5% for both the quarters.
Atlas Asset Management Limited has just now launched a money market fund ie Atlas Money Market Fund (AMF), which is its fifth open end fund and sixth overall. AMF provides competitive returns from a portfolio of low risk, short duration assets while maintaining high liquidity.-PR