Div declared for Edelweiss ELSS Fund

Edelweiss Mutual Fund has announced 5 per cent dividend under dividend payout option of scheme named as “Edelweiss ELSS Fund” on the face value of Rs 10 per unit.

The record date for the dividend is January 27. The latest NAV of the scheme is Rs 18.52.

The investment objective of the Equity-ELSS scheme is to generate long-term capital appreciation with an option of periodic payouts at the end of lock in periods from a portfolio that invests predominantly in equity and equity related instruments.

The performance of the scheme is benchmarked against CNX Nifty Index. Paul Parampreet is the fund manager of the scheme.