Tata Equity P/E Fund — Dividend Trigger Option A (5 per cent) has declared a fourth dividend in the last four quarters.
The scheme has declared a dividend of Re 1 on the face value of Rs10 /unit). The record date is September 3. NAV of the fund as on August 26 was Rs 41.3720 /unit. Pursuant to payment of dividend, the NAV of the scheme would fall to the extent of the payout and statutory levy (if applicable).
Tata Equity P/E Fund had introduced the "5 per cent Dividend Trigger Option" on October 1, 2009.
Under Dividend Trigger A, the Fund initiates the declaration of dividend when there is an appreciation in NAV by 5 per cent from the base NAV (Last ex-dividend NAV) in a calendar quarter.
Source: http://www.thehindubusinessline.com/2010/09/01/stories/2010090151611100.htm
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