Tata Mutual Fund has announced 7.9970 per cent dividend under dividend payout option of scheme named as "Tata Fixed Maturity Plan Series 46 - Scheme M - Direct Plan" on the face value of Rs 10 per unit.
The record date for the dividend is April 07. The latest NAV of the scheme is Rs 10.00.
The investment objective of the close ended debt scheme is to generate income and / or capital appreciation by investing in wide range of Fixed Income Instruments having maturity in line with the maturity of a scheme.
The performance of the scheme was benchmarked against Crisil Short-Term Bond Fund Index. Amit Somani is the fund manager of the scheme.