Mumbai: Edelweiss Mutual Fund has declared maiden dividend under its Edelweiss Absolute Return Fund. The record date for distribution of dividend is January 28, 2011.
The quantum of dividend decided for distribution is Rs 0.165 per unit on the face value of Rs 10.
Edelweiss Absolute Return Fund is an open ended equity scheme with investment objective is to generate absolute returns with low volatility over a longer tenure of time. The scheme invests in arbitrage opportunities and debt and money market instruments on the one hand and in pure equity investments and equity derivative strategies on the other.
