Invesco Mutual Fund has announced 0.45 per cent dividend under dividend payout option of scheme named as “Invesco India Arbitrage Fund-Direct Plan” on the face value of Rs 10 per unit.

The record date for the dividend was May 17. The latest NAV of the scheme is Rs 13.47.

The investment objective of the open ended equity scheme is to generate income through arbitrage opportunities emerging out of mis-pricing between the cash market and the derivatives market and through deployment of surplus cash in fixed income instruments.

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