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Friday, February 13, 2009

Reliance MF declares dividend for Fixed Horizon Fund

Record date for dividend is 18 February 2009

Reliance Mutual Fund has announced 18 February 2009 as the record date for declaration of dividend on the face value of Rs 10 per unit of Reliance Fixed Horizon Fund -XII -Series-14.

The fund will offer dividend for retail institutional and super institutional plans of scheme. The fund house has decided to distribute 100% of surplus available as on record date.

The NAV of scheme under retail plan was at Rs 10.2196 per unit, institutional plan was at Rs 10.2255 per unit and super institutional plan was at Rs 10.2302 per unit as on 11 February 2009.

Reliance Fixed Horizon Fund -XII -Series-14 is a close ended income scheme with an objective to generate regular returns and growth of capital by investing in a diversified portfolio of central and state government securities and other fixed income /debt securities normally maturing in line with the time profile of the plan with objective of limiting interest rate volatility.

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