Tata Mutual Fund declares 0.23% Dividend

Tata Mutual Fund has announced 0.23 per cent dividend under dividend payout option of scheme named as “Tata Short Term Bond Fund - Direct Plan” on the face value of Rs 10 per unit.

The record date for the dividend was August 27. The latest NAV of the scheme is Rs 14.06.

The investment objective of the open ended debt scheme is to create a highly liquid portfolio of money market instruments so as to provide reasonable returns & high liquidity to the unitholders.

The performance of the scheme was benchmarked against Crisil Short-Term Bond Fund Index. S Raghupathi Acharya is the fund manager of the scheme.