Bharti AXA Investment Managers, a joint venture between Bharti Ventures Ltd, AXA Investment Managers (AXA IM) and AXA Asia Pacific Holdings (AXA APH, through its wholly owned subsidiary National Mutual International Pty Limited) declared a dividends for Bharti AXA Equity Fund and Bharti AXA Short Term Income fund, the record date for which has been fixed as September 27, 2010.
Pursuant to payment of dividend, the NAV of the Schemes / Options would fall to the extent of payout and statutory levy, if applicable. Distribution of dividend is subject to availability of distributable surplus and statutory levy (if any). All unit holders registered in the Plans / options of the above mentioned Schemes and whose names appear in the records of the Registrar on the aforesaid record date, will be entitled to receive dividend. For investors in the Dividend Re-investment Option/facility, and investors in Dividend Pay-out Option/facility where the amount of dividend payable is less than or equal to Rs.500/-, the dividend declared shall be automatically / compulsorily re-invested at the first ex-dividend NAV.
Significantly, this is the sixth dividend announcement in Bharti AXA Equity Fund (Quarterly Dividend Option) (Since Inception–date of first NAV- October 29 2008. For complete dividend details see at the bottom). It is an Open-ended Equity Growth Fund and the investment performance of the fund is benchmarked against S&P CNX Nifty Index.
Speaking on this, Sandeep Dasgupta, CEO, Bharti AXA Investment Managers said “We have been paying regular dividends on our Equity Schemes because of our astute fund management skills and stringent risk practices, which are inherent to the AMC’s principles.” “By having a focused portfolio on growth sector, we derive the best for our investors through this fund.” Mr Dasgupta said.
(ET)
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