Tata Equity P/E Fund has declared a maiden dividend of 5 per cent (Rs. 0.50 per unit on the face value of Rs. 10) in its dividend option. The record date for the above dividend was September 23, 2004.
Tata Equity P/E Fund is an open ended equity scheme, which aims to invest at least 70 per cent of its net assets in shares whose trailing P/E ratios are less than that of BSE Sensex at the time of investment.