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Alliance MF pays 10 p.c. on equity fund

MUMBAI: Alliance Mutual Fund has announced 10 per cent payout under its dividend plan of Alliance Frontline Equity Fund. Unitholders whose names appear on record on August 29, would be eligible for dividend of Rs. one per unit (of Rs. 10 each), an Alliance MF release said. Alliance Frontline Equity Fund, an open-ended scheme, focusses on long-term growth through a target allocation of 100 per cent in equity while tracking sectoral weights of BSE-200, the chosen benchmark index, it added. — PTI

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