20% div announced under Axis Long Term Equity Fund 20/01/2015

20% div announced under Axis Long Term Equity Fund
20/01/2015 10:37
Axis Mutual Fund has announced 20 per cent dividend under dividend payout option of scheme named as “Axis Long Term Equity Fund” on the face value of Rs 10 per unit.
The record date for the dividend is January 22. The latest NAV of the scheme is Rs 24.04.
The investment objective of the Equity-ELSS scheme is to generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related Securities.
The performance of the scheme is benchmarked against S&P BSE 200. Chandresh Nigam is the fund manager of the scheme.