Saturday, March 13, 2010 09:52 Hrs IST

JM Financial MF Declares Dividend For Arbitrage Advantage Fund

Record date for dividend is 17 March 2010

JM Financial Mutual Fund has declared dividend under the dividend plan of JM Arbitrage Advantage Fund. The record date for the dividend is set as 17 March 2010.

The quantum of dividend will be 0.60% (Re 0.06 per unit) as on the record date. The scheme recorded NAV of Rs 10.1338 as on 11 March 2010.

JM Arbitrage Advantage Fund is an open-ended equity oriented interval scheme with the primary investment objective of the scheme is to generate income through arbitrage opportunities emerging out of mis-pricing between the cash market and the derivatives market and through deployment of surplus cash in fixed income instruments.