14 Dec 2012
|Tata Mutual Fund has declared 0.1184 per cent dividend under weekly dividend payout option of scheme named as ‘Tata Liquidity Management Fund’, on the face value of Rs 1000 per unit.
The record date for the dividend was December 11. The NAV of scheme as on December 13, 2012 was at Rs 1006.1351.
The investment objective of ‘Tata Liquidity Management Fund’, an open ended liquid fund scheme, is to generate reasonable returns along with high liquidity and safety by investing in a portfolio of money market and other short term debt instruments.
The performance of the scheme is benchmarked against Crisil Liquid Fund Index and Marzban Irani is the fund manager of the scheme.