Tata Mutual Fund has announced 4.6 per cent dividend under dividend payout option of scheme named as “Tata Balanced Fund - Regular Plan” on the face value of Rs 10 per unit.

The record date for the dividend was September 08. The latest NAV of the scheme is Rs 78.80.

The investment objective of the open ended equity hybrid scheme is to provide income distribution and/or medium to long term capital gains while at all times emphasizing the importance of capital appreciation.

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