L&T Mutual Fund has approved a the dividend of Rs 2 per unit, under the dividend option of L&T Tax Advantage Fund- Series I. The record date is March 28, 2011.
L&T Tax Advantage –Series I launched in March 2009 is a Tax Planning Fund. This is the 2nd dividend declared by the fund since its launch. Prior to this, it declared a dividend of Rs 5 per unit in March 2010.