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Monday, March 16, 2009

Tata Gilt Securities Fund announces dividend

Record date for dividend is set on 19 March 2009

Tata Mutual Fund has approved 19 March 2009 as record date for declaration of dividend under Tata Gilt Securities Fund. The dividend will be declared under quarterly dividend option of Retail Investment Plan (RIP) and High Investment Plan (HIP) of the Fund.

The quantum of dividend for both RIP adn HIP will be Rs 0.1995 per unit on face value of Rs 10 per unit. The NAV of the scheme was at Rs 12.1582 under RIP and Rs 12.5419 per unit under HIP as on 12 March 2009.

Tata Gilt Securities Fund is an open-ended dedicated government securities fund to generate risk free return and thus provide medium to long term capital gains and income distribution to its unit holders while emphasizing the importance of capital preservation.

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