Lotus India MF declares 3% dividend on Arbitrage Fund
Lotus India MF declares 3% dividend on Arbitrage Fund Lotus India Mutual Fund (MF) declared dividend of Rs 0.30 per unit of face value Rs 10, under the dividend option of Lotus Arbitrage Fund. The fund house fixed Sep. 26, 2007, as the record date for the payment of 3% dividend, pursuant to payment of which, the NAV would fall to the extent of dividend payout and statutory levy, if applicable. All unit holders registered on or before the record date, would be eligible to receive the dividend. The NAV of the scheme stood at Rs 10.3691 per unit, as on Sep. 20, 2007. Lotus India Arbitrage Fund is the first equity scheme of Lotus India MF to declare dividend.
