JM Financial Mutual Fund has announced the declaration of dividend on the face value of Rs.10 per unit under dividend option of JM Basic Fund - Dividend Plan. The record date for dividend has been fixed as 19 March 2010.
The quantum of dividend will be 10% (Rs. 1 per unit) as on the record date. The NAV of the plan was at Rs. 13.5641 as on 12 March 2010.
JM Basic Fund is an open ended equity oriented growth scheme, which has the investment objective to provide capital appreciation to its unitholders through judicious deployment if the corpus of the scheme in sectors categorized under ‘'basic industry" in the normal practice and in context of the Indian economy, including but not limited to, energy, petrochemicals, oil & gas, power generation & distribution and electrical equipment suppliers, metals and building material. The fund would continue to remain open-ended with a sector focus.
Source: http://www.apollosindhoori.cmlinks.com/MutualFund/MFSnapShot.aspx?opt=9&SecId=10&SubSecId=22,24
The quantum of dividend will be 10% (Rs. 1 per unit) as on the record date. The NAV of the plan was at Rs. 13.5641 as on 12 March 2010.
JM Basic Fund is an open ended equity oriented growth scheme, which has the investment objective to provide capital appreciation to its unitholders through judicious deployment if the corpus of the scheme in sectors categorized under ‘'basic industry" in the normal practice and in context of the Indian economy, including but not limited to, energy, petrochemicals, oil & gas, power generation & distribution and electrical equipment suppliers, metals and building material. The fund would continue to remain open-ended with a sector focus.
Source: http://www.apollosindhoori.cmlinks.com/MutualFund/MFSnapShot.aspx?opt=9&SecId=10&SubSecId=22,24
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