Lotus India Mutual Fund declares dividend

Mumbai, June 20 (UNI) Lotus India Mutual Fund, one of the fast growing mutual fund houses, today announced the declaration of dividend under the dividend option of Lotus India Fixed Maturity Plan-3 Months Series IV.

The fund house has notified June 24 as the record date for the purpose of declaring dividend, a company release said.

Distribution of dividend is subject to availability and adequacy of distributable surplus. Pursuant to payment of dividend, NAV would fall to the extent of dividend payout and statutory levy, if applicable.

The Fund will declare the actual distributable surplus available as on the record date as dividend and the same shall be compulsorily reinvested. The dividend is being declared on a face value of Rs 10 per unit. NAV of dividend option as on June 15 for the Retail Plan was Rs 10.2421 and for the Institutional Plan Rs 10.2421. All unit holders of dividend option under the scheme, whose names appear in the records of the Registrar, Computer Age Management Services Pvt Ltd, as at the close of business hours on June 24 will be entitled to receive the dividend, the release added.

UNI