Axis Mutual Fund declared dividend on the face value of Rs 10 per unit under the dividend option of Axis Long Term Equity Fund, an open ended equity linked savings scheme. The record date for dividend is August 7, 2012.
The quantum of dividend will be Rs 0.80 per unit as on the record date. The scheme recorded NAV of Rs 11.7591 per unit as on 31 ,July 2012.
The investment objective of the scheme is to generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related Securities.