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Monday, June 15, 2009

Tata Gilt Securities Fund announces dividend

Record date for dividend is set on 18 June 2009

Tata Mutual Fund has approved 18 June 2009 as record date for declaration of dividend under Tata Gilt Securities Fund. The dividend will be declared under quarterly dividend option of Retail Investment Plan (RIP) and High Investment Plan (HIP) of the Fund.

The quantum of dividend for both RIP and HIP will be Rs 0.1260 per unit on face value of Rs 10 per unit. The NAV of the scheme was at Rs 12.3509 under RIP and Rs 12.7450 per unit under HIP as on 11 June-2009.

Tata Gilt Securities Fund is an open-ended dedicated government securities fund to generate risk free return and thus provide medium to long term capital gains and income distribution to its unit holders while emphasizing the importance of capital preservation

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