LIC Nomura MF declared dividend on the face value of Rs 10 per unit under the dividend option of LIC Nomura MF Fixed Maturity Plan - Series 48. The record date for dividend is July 31, 2012.
The quantum of dividend will be entire distributable surplus as on the record date. The scheme recorded NAV of Rs 10.9433 per unit as on July 20, 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 the date of the maturity of the scheme.
Source : Accord Fintech
