L&T Mutual Fund has announced 0.01 per cent dividend under dividend payout option of scheme named as "L&T Cash Fund" on the face value of Rs 1000 per unit.
The record date for the dividend was August 19. The latest NAV of the scheme is Rs 1023.30.
The investment objective of the open ended liquid fund scheme is to deliver reasonable returns with lower volatility and higher liquidity through a portfolio of debt and money market instruments.
The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Vikram Chopra is the fund manager of the scheme.