Mutual fund investors who hold units of Tata Equity PE Income Distribution cum Capital Withdrawal (IDCW) Trigger B Regular fund will receive dividends on Tuesday, April 9, as Tata Mutual Fund has declared a dividend payout of ₹2.70 per unit. The record date for this distribution had been set as April 9, 2024.
This date holds importance as it acts as a cut-off point for determining the list of investors eligible to receive dividends from the fund.
Understanding mutual fund dividends
Mutual fund dividends represent a portion of the fund’s profits that are distributed to its shareholders.
In this case, Tata Mutual Fund has decided to distribute dividends to investors who hold units of the Tata Equity PE IDCW Trigger B Reg-IDCW.
Each unit held by an investor will entitle them to ₹2.70 in dividends.
This move is particularly appealing for investors seeking regular income from their investments.
Dividends can provide a steady stream of income, offering a tangible benefit even in volatile market conditions.
Moreover, dividends can also be an indicator of the fund’s performance and stability.
When a mutual fund consistently pays dividends, it reflects the fund’s ability to generate profits, which can instil confidence in investors.
About the fund
The Current Net Asset Value of the Tata Equity PE Fund – Regular Plan as of April 8, 2024, is ₹110.01 for the IDCW Trigger B option of its Regular plan.
The expense ratio of the fund is 1.79% for a regular plan as of March 31, 2024.
