LIC Nomura MF has declared dividend on the face value of Rs 10 per unit under the dividend option of LIC Nomura Fixed Maturity Plan- Series 50. The record date for dividend is July 10, 2012.
The quantum of dividend will be entire distributable surplus as on the record date. The scheme recorded NAV of Rs 10.2167 per unit as on June 29, 2012.
The investment objective of the scheme is to minimize interest rate risk by investing in a portfolio of fixed income securities which mature on or before maturity of the scheme.
Source : Accord Fintech
