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Monday, March 16, 2009

Tata Income Fund offers dividend

Record date for dividend is 19 March 2009

Tata Mutual Fund has proposed to declare dividend under quarterly and half yearly dividend option of Tata Income Fund. The record date is set as 19 March 2009.

The quantum of dividend will be Rs 0.1995 per unit for both quarterly and half yearly dividend option. The NAV under quarterly dividend option was at Rs 10.4180 per unit and NAV under half yearly dividend option was at Rs 11.1382 per unit as on 12 March 2009.

Tata Income Fund is an open-ended dent scheme with the investment objective to provide income distribution and / or medium to long term capital gains while at all times emphasizing the importance of safety and capital appreciation.

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