L&T Mutual Fund declares 0.0120% dividend
16/08/2019 14:45
L&T Mutual Fund has announced 0.0120 per cent dividend under dividend payout option of scheme named as “L&T Liquid Fund - Daily Div Reinvestment Plan” on the face value of Rs 1000 per unit.

The record date for the dividend was August 09. The latest NAV of the scheme is Rs 1011.78.

The investment objective of the open ended scheme is to generate reasonable returns while maintaining safety and providing the investor superior liquidity. To achieve this objective investments will be predominantly made in a well-diversified and highly liquid portfolio of money market instruments, government securities and corporate debt.

The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Shriram Ramanathan is the fund manager of the scheme.