Religare Invesco Mutual Fund has announced 0.40 per cent dividend under dividend payout option of scheme named as "Religare Invesco Arbitrage Fund" on the face value of Rs 10 per unit.
The record date for the dividend is August 17. The latest NAV of the scheme is Rs 12.62.
The investment objective of the open ended equity diversified scheme is to generate income through arbitrage opportunities emerging out of mis-pricing between the cash market and the derivatives market and through deployment of surplus cash in fixed income instruments.
The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Pranav Gokhale Lahiri is the fund manager of the scheme.