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Monday, May 18, 2009

Tata MF declares dividend

Record date for dividend is 22 May 2009

Tata Mutual Fund has proposed to declare dividend under half yearly dividend option for Tata Fixed Income Portfolio Fund – Scheme C3. The record date is set as 22 May 2009.

The AMC has decided to distribute dividend up to 100% of the returns generated between 26 November 2008 to 22 May 2009 subject to availability of distributable surplus available on the record date as dividend on the face value of Rs 10 per unit. The NAV for the institutional investment plan was Rs 10.5087 as on 14 May 2009.

Tata Fixed Income Portfolio Fund – Scheme C3 is an open ended debt aims to generate returns and / or capital appreciation along with minimization of interest rate risk by investing predominantly in a portfolio of debt and money market instruments.

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