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Monday, June 15, 2009

Reliance Income Fund declares dividend

Record date for dividend is 19 June 2009

Reliance Mutual Fund has proposed to declare dividend under quarterly dividend option of Reliance Income Fund. The record date is set as 19 June 2009.

The quantum of dividend will be 4.59% i.e. Rs 0.4591 per unit on the face value of Rs 10 per unit. The NAV of the scheme was at Rs 13.3836 per unit as on 11 June 2009.

Reliance Income Fund is an open-ended income scheme with the investment objective to generate optimal returns consistent with moderate levels of risk. This income may be complemented by capital appreciation of the portfolio. Accordingly, investments shall predominantly be made in debt and money market instruments.

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