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Monday, July 20, 2009

Reliance MF declares dividend in Equity Opportunities Fund

Record date for dividend is 24 July 2009

Reliance Mutual Fund has announced the declaration of dividend on the face value of Rs 10 per unit under retail plan and institutional plan of Reliance Equity Opportunities Fund, an open-ended diversified equity scheme. The record date for dividend has been fixed as 24 July 2009.

The quantum of dividend under both the plan will be 20% i.e. Rs 2 per unit on the face value on the record date. The NAV of the scheme was at Rs 15.8154 per unit under retail plan and Rs 19.7984 per unit under institutional plan as on 16 July 2009.

Reliance Equity Opportunities Fund, an open-ended diversified scheme objective is to seek to generate capital appreciation and provide long term growth opportunities by investing in a portfolio constituted of equity securities & equity related securities and the secondary objective is to generate consistent returns by investing in debt and money market securities.

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