L&T MF has declared the dividend for the Regular plan-dividend option of L&T FMP – VII (August 1095D A). The mutual fund house has announced the record date for the dividend declaration of the scheme to be August 09, 2018.
L&T Mutual Fund has announced that the quantum of dividend for the L&T FMP – VII plan would be entire distributable surplus as on the record date on the face value of 10 Rupees per unit.
The objective of the Closed-ended Debt scheme is to generate regular returns by investing in fixed income instruments usually maturing on the time period fixed for the plan.
The FMP was launched in March 2013. The L&T Mutual Fund scheme’s performance is benchmarked against CRISIL Short-Term Bond Index. The minimum initial investment for the scheme is 5000 Rupees.
Soumendra Nath Lahiri is the CIO, Kailash Kulkarni is the CEO, and Ankur Banthiya is the Investor Relations Officer of the L&T MF scheme with the fund size of 281.95 Crore Rupees.
The Fund Manager of the L&T FMP – VII (August 1095D A) is Mr. Shriram Ramanathan. He has been managing the scheme since January 2014.
Before joining the L&T Mutual Fund, Mr. Ramanathan has worked with FIL Fund Management Pvt Ltd, Zurich Asset Management Co, ING Investment Management, ICICI Ltd, and L&T Ltd. He holds B.E. (Electrical), CFA, and PGDBM from XLRI Jamshedpur.
The NAV (Net Asset Value) of the scheme is 12.6107 as on August 03, 2018, according to The Economic Times.
L&T Mutual Fund has announced the record date for dividend declaration for the L&T FMP – VII (August 1095D A) scheme as mentioned above, according to KJMC. All other terms and conditions of the scheme will remain unchanged.
Earlier this month, the L&T MF house announced the dividend declaration for L&T Business Cycles Fund through an addendum, reported Advisorkhoj. The record date of the dividend declaration was July 20, 2018.
The post L&T MF Announces Dividend For L&T FMP – VII appeared first on OWLT Market.
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