Widely read:
L&T Mutual Fund has introduced dividend transfer plan under all the open-ended schemes except L&T Tax Advantage Fund, L&T Tax Saver Fund and L&T Emerging Business Fund.
Under the facility, the investor can opt to transfer the amount of dividend to any other open-ended scheme of the fund.
The change will be effective from September 24, 2014.
The fund house has also announced dividend under the dividend option of L&T India Prudence Fund. The quantum of dividend shall be ₹0.11 per unit.
The record date has been fixed as September 29, 2014.
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