Axis Mutual Fund has announced 17.5 percent dividend under dividend payout option of scheme named as “Axis Focused 25 Fund” on the face value of Rs 10 per unit.
The record date for the dividend is February 25. The latest NAV of the scheme is Rs 18.05.
The investment objective of the equity - diversified scheme is to generate long term capital appreciation by investing in a concentrated portfolio of equity & equity related instruments of up to 25 companies.
The performance of the scheme is benchmarked against CNX Nifty Index. Sudhanshu Asthana is the fund manager of the scheme.
Text courtesy: Dion Global Solutions Ltd.
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