Tata Mutual Fund has announced the declaration of dividend under dividend option for Tata Dynamic Bond Fund - Option A and Option B. The record date is set as 05 January 2009.
For Option A, the AMC decided to distribute up to 100% of the returns generated between, 24 October 2008 to 05 January 2009 as dividend for the face value of Rs 10 per unit.
For Option B, the AMC decided to distribute up to 100% of the returns generated between, 04 December 2008 to 05 January 2009 as dividend for the face value of Rs 10 per unit.
The dividend distribution is subject to availability & adequacy of distributable surplus on record date.
The NAV under Option A was at Rs 11.0719 per unit and under option B was at Rs 10.4406 per unit as on 29 December 2008.
Tata Dynamic Bond Fund is an open-ended debt scheme with an aims to create liquid portfolio of good quality debt as well as money market instruments so as to provide reasonable returns & high liquidity to the unit holders.