The payout date is 29th January 2010.
As this is a good ELSS Fund and I have also recommended it in my previous posts. So people looking for Dividend Payout or Reinvestment option can invest in the fund before 29th January.
The dividend yield as on 22nd January NAV of Rs. 14.3045 is around 14%.
As I have written in my previous posts to get tax benifit of Rs 1 Lakh You need to invest around Rs. 88,000 if you choose Dividend Reinvestment option and Rs. 100,000 (in which you get back Rs. 20,000 within a month) if you choose Dividend Payout option on or before 29th January 2010.
The calculations are based on NAV of 22nd January (Rs. 14.3045). The markets are volatile these days and investment amount would increase (in Dividend Reinvestment Option) as the NAV goes up (since the dividend yield decreses with rising NAV) and vice versa.
HAPPY TAX SAVING!
Everyone hates paying taxes and always are on lookout for Options to Save Tax. However…
Are you worried and confused about Lien amount in SBI? Well you are not alone.…
Get details of latest Sovereign Gold Bond Price, Issue details, taxation and how to invest.…
Download the Excel based Income Tax Calculator India for FY 2020-21 (AY 2021-22). This compares…
Piramal Capital & Housing Finance, has come out with Piramal Capital & Housing Finance Ltd…
IIFL Home Loan, the Housing Finance company from IIFL Group has come out with IIFL…