Mutual fund investors to receive dividends of up to ₹6.18 per unit on these schemes

Bandhan Mutual Fund, Baroda BNP Paribas Mutual Fund, and Invesco Mutual Fund have announced dividends of up to ₹6.18 per unit across various schemes. The record date for the same is March 27, 2024. This date serves as a cut-off point for determining the list of investors eligible to receive dividends.

Mutual funds distributing dividends essentially pass on a portion of the profits earned from dividend-paying securities to their investors.

It's important for investors to note the record date as holding units of the respective funds on this date is necessary to be eligible for the declared dividends.