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Date : Aug-28-2009
Tata Mutual Fund has introduced two dividend trigger options under the existing Dividend option of Tata Equity P/E Fund (TEQPEF). Accordingly the existing dividend option will split into two options - Dividend Trigger Option A (Trigger A) and Dividend Trigger Option B (Trigger B), effective from October 1, 2009.
Under Trigger A, the fund will initiate the dividend declaration when there is an appreciation in NAV by 5% and NAV by 10% for Trigger B in a calendar quarter.
However, in case of Trigger B, the fund will initiate the dividend declaration when there is an appreciation in NAV by 10% in a calendar quarter.
For the calendar quarter October-December 2009, the NAV as on September 30, 2009 would be the base NAV for trigger of 5% / 10% appreciation. Moreover, for subsequent quarters the base NAV would be the NAV as on last ex-dividend date or NAV as on September 30, 2009 whichever is later.
Date : Aug-28-2009
Tata Mutual Fund has introduced two dividend trigger options under the existing Dividend option of Tata Equity P/E Fund (TEQPEF). Accordingly the existing dividend option will split into two options - Dividend Trigger Option A (Trigger A) and Dividend Trigger Option B (Trigger B), effective from October 1, 2009.
Under Trigger A, the fund will initiate the dividend declaration when there is an appreciation in NAV by 5% and NAV by 10% for Trigger B in a calendar quarter.
However, in case of Trigger B, the fund will initiate the dividend declaration when there is an appreciation in NAV by 10% in a calendar quarter.
For the calendar quarter October-December 2009, the NAV as on September 30, 2009 would be the base NAV for trigger of 5% / 10% appreciation. Moreover, for subsequent quarters the base NAV would be the NAV as on last ex-dividend date or NAV as on September 30, 2009 whichever is later.
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