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Monday, May 25, 2009

Reliance MF declares dividend for Monthly Interval Fund

Record date for dividend is 28 May 2009

Reliance Mutual Fund has declared dividend under dividend option of Reliance Interval Fund – Monthly Interval Fund -Series II. The record date for the dividend is 28 May 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 scheme under retail plan was Rs 10.0366 per unit and under institutional plan was Rs 10.0379 per unit as on 22 May 2009.

Reliance Interval Fund – Monthly Interval Fund, is a debt oriented interval scheme 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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