BNP Paribas MF announces dividend under "BNP Paribas Dividend Yield Fund"

Posted By: Religare
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BNP Paribas Mutual Fund has announced 0.8000 per cent dividend under dividend payout option of scheme named as "BNP Paribas Dividend Yield Fund" on the face value of Rs 10 per unit.

The record date for the dividend is January 31. The latest NAV of the scheme was Rs 10.76.

The investment objective of the open ended equity diversified scheme is to generate long term capital growth from an actively managed portfolio of equity and equity related securities, primarily being high dividend yield stocks. High dividend yield stocks are defined as stocks of companies that have a dividend yield in excess of 0.5 per cent, at the time of investment.

The performance of the scheme is benchmarked against S&P BSE Sensex. Shreyash Devalkar is the fund manager of the scheme.

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Story first published: Thursday, January 30, 2014, 13:10 [IST]
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