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Monday, March 16, 2009

Reliance Monthly Income Plan declares dividend

Record date for dividend is 20 March 2009

Reliance Mutual Fund has approved to declare dividend under quarterly dividend options Reliance Monthly Income Plan. The record date for the dividend is 20 March 2009.

The quantum of the dividend will be 0.80% i.e. Rs 0.0800 per unit on the face value of Rs 10 per unit. The NAV of the scheme was at Rs 11.1484 per unit as on 12 March 2009.

Reliance Monthly Income Plan is an open ended fund with the primary investment objective to generate regular income in order to make regular dividend payments to unitholders and the secondary objective is growth of capital.

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