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Wednesday, March 18, 2009

Reliance Liquid Fund announces dividend

Record date for dividend is 23 March 2009

Reliance Mutual Fund has approved 23 March 2009 as record date for declaration of dividend under monthly dividend option in institutional plan of Reliance Liquid Fund-Treasury Plan.

The quantum of dividend will be 30.00% i.e. Rs 3.00 per unit on face value of Rs 10 per unit. The NAV has been recorded at Rs 21.3966 as on 16 March 2009. The dividend shall be subject to availability of distributable surplus in the scheme as on record date.

Reliance Liquid Fund, an open ended liquid scheme was launched in March 1998. The investment objective of the scheme is to generate optimal returns consistent with moderate levels of risk and liquidity. Accordingly, investments shall predominantly be made in debt and money market instruments.

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