LIC Nomura Mutual Fund announces 0.01% Dividend
06/07/2015 09:27

LIC Nomura Mutual Fund has announced 0.01 per cent dividend under dividend payout option of scheme named as “LIC Nomura MF Liquid Fund - Direct Plan” on the face value of Rs 1000 per unit.

The record date for the dividend was June 30. The latest NAV of the scheme is Rs 1098.

The investment objective of the open ended liquid fund scheme is to generate reasonable returns with low risk and high liquidity through judicious mix of investment in money market instruments and quality debt instruments.

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