Tata Mutual Fund has announced 11 per cent dividend under dividend payout option of scheme named as "Tata Equity P/E Fund - Direct Plan" on the face value of Rs 10 per unit.
The record date for the dividend was May 01. The latest NAV of the scheme is Rs 56.61.
The investment objective of the open-ended scheme is to provide reasonable and regular income along with possible capital appreciation to its unitholder.
The performance of the scheme is benchmarked against S&P BSE Sensex. Sonam Udasi is the fund manager of the scheme.