L&T Mutual Fund has announced 20 December 2011 as the record date for declaration of dividend under the dividend payout option of L&T FMP-IV (September 91D A). The quantum of dividend will be 100% of distributable surplus as on the record date on the face value of Rs 10 per unit. The scheme recorded NAV of Rs 10.2072 per unit as on 12 December 2011. Further, the scheme will mature on 20 December 2011 and accordingly, units shall be suspended from trading on the NSE, where the scheme is listed.
L&T FMP-IV (September 91D A) is a close ended income scheme. The investment objective of the scheme is to achieve growth of capital through investments made in a basket of debt/fixed income securities maturing on or before the maturity of the scheme.
Powered by Capital Market - Live News