Pramerica Mutual Fund has declared 2.3125 per cent dividend under dividend payout option of scheme named as "Pramerica Credit Opportunities Fund", on the face value of Rs 1000 per unit.
The record date for the dividend is September 26. The NAV of scheme as on September 24, 2012 was at Rs 1031.3276.
The investment objective of 'Pramerica Credit Opportunities Fund', an open ended debt short term fund, was to generate income by investing in debt/and money market securities across the credit spectrum. the scheme would also seek to maintain reasonable liquidity within the fund.
The performance of the scheme was standardized against Crisil Composite Bond Fund Index and Mahendra Jajoo was the fund manager of the scheme.