News Details

( 02 Nov 2017)
1% Div announced by LIC Mutual Fund

LIC Mutual Fund has announced 1 per cent dividend under dividend payout option of scheme named as “LIC MF Balanced Fund-Direct Plan” on the face value of Rs 10 per unit.

The record date for the dividend was October 30.The latest NAV of the scheme is Rs 15.96.

The investment objective of the open ended equity scheme is to provide regular returns and capital appreciation according to the selection of plan by investing in equities and debt.

The performance of the scheme was benchmarked against Crisil Balanced Fund Index. Ramnath Venkateswaran is the fund manager of the scheme.