JM Financial Mutual Fund has declared dividend under dividend option of JM Arbitrage Advantage Fund. The record date for the dividend is 18 March 2009.
The Fund will offer dividend up to 2.00% i.e. Re 0.20 per unit. The NAV for the scheme was at Rs 10.2598 as on 12 March 2009.
JM Arbitrage Advantage Fund is an open ended equity oriented interval fund with an investment objective to generate income through arbitrage opportunities emerging out of mis-pricing between the cash market and the derivatives market and through deployment of surplus cash in fixed income instruments.
The Fund will offer dividend up to 2.00% i.e. Re 0.20 per unit. The NAV for the scheme was at Rs 10.2598 as on 12 March 2009.
JM Arbitrage Advantage Fund is an open ended equity oriented interval fund with an investment objective to generate income through arbitrage opportunities emerging out of mis-pricing between the cash market and the derivatives market and through deployment of surplus cash in fixed income instruments.
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