Tata Mutual Fund has announced 0.01 per cent dividend under dividend payout option of scheme named as “Tata Liquid Fund” on the face value of Rs 1000 per unit.

The record date for the dividend was August 09. The latest NAV of the scheme is Rs 1001.52.

The investment objective of the open ended liquid fund scheme is to create a highly liquid portfolio of money market instruments so as to provide reasonable returns & high liquidity to the unitholders.

The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Amit Somani is the fund manager of the scheme.