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Monday, May 04, 2009

Reliance MF declares dividend under Interval Fund

Record date for dividend is 8 May 2009

Reliance Mutual Fund has announced 8 May 2009 as the record date for declaration of dividend under Reliance Interval Fund – Annual Interval Fund – Series I - Retail and Institutional Plans. The fund house has decided to distribute 100% of the distributable surplus as available on the record date as dividend on the face value of Rs 10 per unit.

The scheme recorded NAV of Rs 10.9069 per unit under retail plan and Rs 12.1270 per unit under institutional plan as on 29 April 2009.

The investment objective of the scheme is 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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