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Doubt in calculating Mutual Fund Dividends? |
I have 1000 units of Reliance Diversified Power Sector MF. Current NAV is Rs.50 . On 17-Aug-2007, this MF has declared a Dividend of 30%. Will the Dividend be calculated on the Face Value of the MF (which is Rs 10) or on the Latest NAV of the MF (which is Rs 50) ? In other words, will I get 30% of 10000 or 30% of 50000 as dividend ? Please advice. you PLEASE KEEP IN YOR MIND FOREVER THAT DIVIDEND IS DECLARED IN % OF FACE VALUE weather face value will be Mutual fund dividends are always declared as a percentage of the face value. dividend is always calculated on the face value. in your case it 30% of rs 10 per unit. |
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