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L&T MF declares dividend under “L&T India Prudence - Direct Plan”


24 Jul 2014
L&T Mutual Fund has announced 1.0000 per cent dividend under dividend payout option of scheme named as “L&T India Prudence - Direct Plan” on the face value of Rs 10 per unit.

The record date for the dividend is July 28. The latest NAV of the scheme is Rs 16.06.

The investment objective of the equity-diversified scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related securities and to generate reasonable returns through a portfolio of debt and money market instruments to help generating funds in the long term to save for the cost of childrens education.

The performance of the scheme is benchmarked against BSE 200 Index (200 Cos). Vikram Chopra is the fund manager of the scheme.

Source: Dion Global    Type: Mutual Fund Review