Div declared under Axis Income Saver - Direct Plan 23/03/2015

Div declared under Axis Income Saver - Direct Plan
23/03/2015 10:59
Axis Mutual Fund has announced 5 per cent dividend under dividend payout option of scheme named as “Axis Income Saver - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is March 25. The latest NAV of the scheme is Rs 12.68. The investment objective of the open ended scheme is to generate regular income through investments in debt & money market instruments, along with capital appreciation through limited exposure to equity and equity related instruments. It also aims to manage risk through active asset allocation. The performance of the scheme was benchmarked against Crisil MIP Blended Index. Kedar Karnik is the fund manager of the scheme.