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Friday, April 24, 2009

Reliance MF declares dividend

Record date for dividend is 29 April 2009

Reliance Mutual Fund has declared 29 April 2009 as the record date for dividend distribution under Reliance Fixed Horizon Fund-IV-Series 7 retail and institutional plan. The fund house has decided to distribute 100% distributable surplus as dividend as on the record date.

Reliance Fixed Horizon Fund-IV-Series 7 recorded NAVs of Rs 10.1035 per unit under retail plan and Rs 10.0949 per unit under institutional plan as on 22 April 2009.

Reliance Fixed Horizon Fund-IV-Series 7 is a close ended income scheme. The primary investment objective of the scheme is 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 scheme with the objective of limiting interest rate volatility.

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