Mirae Asset Mutual Fund has declared its fourth dividend in Mirae Asset India Opportunities Fund (MAIOF), an open ended equity oriented scheme. The fund has outperformed its benchmark BSE 200 on a consistent basis since its inception.
The scheme will pay gross dividend of Rs 1.40 per unit as on record date March 14, net of which will be tax free in the hands of investors. . Dividend is being declared on the face value of Rs 10 per unit. The NAV of dividend option as on March 07 is Rs 13.536 per unit.
The fund was co-managed by Neelesh Surana and Gopal Agarwal.
Jisang Yoo, CEO, said “One of our most important Core Values at Mirae Asset Group is a client first approach. We wish to reward investors through consistent dividends depending on the distributable surplus of the fund. MAIOF is a large cap focused equity diversified fund. The fund is flexible in terms of investing across Investment styles, Themes, Sectors & Market-caps. The fund invests in fundamentally strong & reliable businesses which have sustainable competitive advantages with strong pricing power and are sector leaders. ”
