Mahindra Mutual Fund Dhan Sanchay Yojana declares dividend

The record date for the proposed dividend is June 16, 2017.

All investors in the dividend option of the regular and direct plan(s) as on the record date will be eligible for the dividend, subject to the availability of distributable surplus and may be lower to the extent of distributable surplus available as on the record date.

Pursuant to payment of dividend, the NAV of the dividend option(s) of the scheme/plan(s) would fall to the extent of payout and statutory levy, if any. The NAV of the scheme under the regular plan - dividend option and direct plan- dividend option stood at Rs. 10.6816 per unit and Rs. 10.7664 per unit respectively as on June 9, 2017.

“When we launched the Mahindra Mutual Fund Dhan Sanchay Yojana we had many investors who chose the dividend option while taking a balanced risk in their portfolio. The rising markets over the last few months offered us an opportunity so we have acted with promptness to give such investors an income by way of a dividend. Even in the future we will continue to look for such opportunities.” said Ashutosh Bishnoi, CEO and Managing Director, MAMCPL.

Mahindra Mutual Fund Dhan Sanchay Yojana seeks to generate long term capital appreciation and also income through investments in equity and equity related instruments, arbitrage opportunities and investments in debt and money market instruments. However, there can be no assurance that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns.