Fortis Mutual Fund gives 10 pc dividend in Fortis Equity Fund

MUMBAI: Fortis Mutual Fund today announced a 10 per cent dividend in its Fortis Equity Fund.

The record date for the declaration of this dividend is September 9, the company said in a statement here.

The unit holders registered under the dividend option of Fortis Equity Fund on this record date will be eligible to receive this dividend.

The investment objective of the Fortis Equity Fund is to generate long-term capital growth from a diversified and actively managed portfolio of equity and equity-related securities.

The scheme invests in a range of companies, with a bias towards large and medium market capitalisation companies.

The fund manager of the Scheme is Amit Nigam.