Tata Mutual Fund has declared 5.000 per cent as dividend under dividend payout option of scheme named as "Tata Equity P/E Fund - Trigger Option A - 5% - Direct Plan" on the face value of Rs 10 per unit.
The record date for the dividend is May 28. The NAV of scheme as on May 23, 2013 was at Rs 26.4244.
The investment objective of the open ended equity diversified scheme is to provide reasonable and regular income along with possible capital appreciation to its unitholder.
The performance of the scheme is benchmarked against BSE Sensitive Index (30Cos) and Bhupinder Sethi is the fund manager of the scheme.