To achieve the investment objective, the scheme will follow passive investment strategy with investments in stocks in the same proportion as in Nifty Smallcap 50 Index.
The company has fixed record date for the payment as March 29, to determine the eligibility of shareholders.
The second company-owned store will also be opened in New Delhi shortly.
Sensex added nearly 600 points in early morning trade tracking a rebound in global equities.
The scheme is a target maturity fund and will be managed passively by tracking the performance of Nifty G-sec Jul 2027 Index
All other major sectoral indices ended marginally higher.
The scheme is a target maturity fund and will be managed passively by tracking the performance of Nifty G-sec Jul 2027 Index.
Nifty metal pack is trading ~3% lower.
The firms said to make JV with 50:50 equity participation.