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Monday, March 02, 2009

Reliance MF declares dividend for its Quarterly Interval Fund

Record date for dividend is 5 March 2009

Reliance Mutual Fund has declared dividend under dividend option of Reliance Interval Fund – Quarterly Interval Fund -Series III. The record date for the dividend is 5 March 2009.

The Fund house has decided to offer dividend on the face value of Rs 10 per unit for both plans viz. retail and institutional plans. The quantum of dividend will be 100% of distributable surplus as on the record date.

The NAV for the Reliance Interval Fund – Quarterly Interval Fund -Series III under retail plan was Rs 10.1887 per unit and under institutional plan was Rs 10.1934 per unit as on 26 February 2009.

Reliance Interval Fund – Quarterly Interval Fund -Series III was launched in June 2007 with an investment objective to seek 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 the objective of limiting interest rate volatility.

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