JM Financial Mutual Fund has announced the declaration of dividend on the face value of Rs.10 per unit under dividend option of JM Nifty Plus Fund - Dividend Plan. The record date for dividend has been fixed as 19 March 2010.
The quantum of dividend will be 15% (Rs.1.5 per unit) as on the record date. The NAV of the plan was at Rs. 16.3957 as on 12 March 2010.
JM Nifty Plus Fund is an open ended equity scheme, which has the investment objective to generate investment returns by predominantly investing in S&P CNX Nifty Stocks and its 50 constitutes in the same weightages as its composition and through deployment of surplus cash in debt and money market instruments and derivative instruments.
Source: http://www.apollosindhoori.cmlinks.com/MutualFund/MFSnapShot.aspx?opt=9&SecId=10&SubSecId=22,24
The quantum of dividend will be 15% (Rs.1.5 per unit) as on the record date. The NAV of the plan was at Rs. 16.3957 as on 12 March 2010.
JM Nifty Plus Fund is an open ended equity scheme, which has the investment objective to generate investment returns by predominantly investing in S&P CNX Nifty Stocks and its 50 constitutes in the same weightages as its composition and through deployment of surplus cash in debt and money market instruments and derivative instruments.
Source: http://www.apollosindhoori.cmlinks.com/MutualFund/MFSnapShot.aspx?opt=9&SecId=10&SubSecId=22,24
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