MUTUAL FUNDS
Axis Mutual Fund announces IDCW under Arbitrage Fund
Apr-19-2024

Axis Asset Management Company (AMC) has informed that Axis Mutual Fund Trustee, Trustee to Axis Mutual Fund (MF) approved the declaration of Distribution (of Income & Capital) (previously referred as dividend) under the Income Distribution cum Capital Withdrawal (IDCW) options of Axis Arbitrage Fund, and Record Date for the same is April 22, 2024 (or the immediately following Business Day if that day is not a Business Day).

The quantum of IDCW for Axis Arbitrage Fund on the face value of Rs 10 per unit will be Rs 0.05 per unit (As reduced by the amount of applicable statutory levy, if any) under Regular and Direct Plan - IDCW Option. The NAV for Axis Arbitrage Fund - Regular Plan - IDCW Option was Rs 10.9817 per unit and for Axis Arbitrage Fund - Direct Plan - IDCW Option was Rs 11.8459 per unit, as on April 16, 2024.

Pursuant to payment of IDCW, the NAV of the above stated IDCW option of the schemes/plans would fall to the extent of payout and statutory levy, if any.

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