0.5% Div announced by Axis Mutual Fund
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28 Apr 2015
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| Axis Mutual Fund has announced 0.5 per cent dividend under dividend payout option of scheme named as “Axis Enhanced Arbitrage Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend was April 27. The latest NAV of the scheme is Rs 10.58. The investment objective of the open ended equity diversified scheme is to generate income through low volatility absolute return strategies that take advantage of opportunities in the cash and the derivative segments of the equity markets including the arbitrage opportunities available within the derivative segment, by using other derivative based strategies and by investing the balance in debt and money market instruments. The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Pankaj Murarka is the fund manager of the scheme. |
Source: Dion Global Type: Mutual Fund Review
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