20% div announced under Axis Small Cap Fund - DP

Axis Mutual Fund has announced 20 per cent dividend under dividend payout option of scheme named as “Axis Small Cap Fund - Direct Plan” on the face value of Rs 10 per unit.

The record date for the dividend is October 07. The latest NAV of the scheme is Rs 20.16.

The investment objective of the close-ended equity scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity & equity related instruments of small cap companies.

The performance of the scheme is benchmarked against CNX Smallcap Index. Pankaj Murarka is the fund manager of the scheme.