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Wednesday, June 24, 2009

Tata Fixed Income Portfolio Fund declares dividend

Record date for dividend is 29 June 2009

Tata Mutual Fund has proposed to declare dividend under quarterly dividend option of Tata Fixed Income Portfolio Fund – Scheme B3. The record date is set as 29 June 2009.

The quantum of dividend will be upto 100% of the returns generated between 01 April 2009 to 29 June 2009 subject to availability pf distributable surplus i.e. net of dividend distribution tax and other statutory levy on face value of Rs 10 per unit. The NAV of the scheme was at Rs 10.0834 as on 22 June 2009.

Tata Fixed Income Portfolio Fund is an open ended debt fund with the objective 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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