She was speaking at the Skoch Summit on ‘New Dimension in Inclusive Growth,’ held on November 30.
The underperformers were mainly new-age companies that had weak cash flows or those that were priced aggressively, according to one analyst.
The company has considered and approved the proposal for splitting of equity shares of face value of Rs 10 each into ten equity shares of Re 1 each in its meeting held on June 16, 2016.
Dividends are paid out of the profits earned by mutual funds. One should understand the dividends in detail to measure the real return.
Tata Mutual Fund has announced changes in face value & NAV of Tata Money Market Fund and Tata Floating Rate Long Term Fund with effect from February 01, 2014.
Reliance Mutual Fund has announced change in face value per unit of Reliance Liquidity Fund, Reliance Liquid Fund - Treasury Plan and Reliance Liquid Fund - Cash Plan with effect from August 5, 2012.
Baroda Pioneer Mutual Fund has announced the change in face value of the units of Baroda Pioneer Treasury Advantage Fund and Baroda Pioneer Liquid Fund.