Axis MF announces 2% div for Fixed Term Plan - Series 57 23/09/2014

Axis MF announces 2% div for Fixed Term Plan - Series 57
23/09/2014 11:04
Axis Mutual Fund has announced 2.0000 per cent dividend under dividend payout option of scheme named as “Axis Fixed Term Plan - Series 57” on the face value of Rs 10 per unit. The record date for the dividend is September 25. The latest NAV of the scheme is Rs 10.32. The investment objective of the Debt-FMP scheme is to generate returns through a portfolio of debt & money market instruments that are maturing on or before the maturity of the respective plan(s). The performance of the scheme is benchmarked against Crisil Short-Term Bond Fund Index. Kedar Karnik is the fund manager of the scheme.