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Monday, July 20, 2009

Reliance MF declares dividend in Regular Savings 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 equity option and balanced option of Reliance Regular Saving's Fund, an open ended scheme. The record date for dividend has been fixed as 24 July 2009.

Reliance Regular Saving Fund - Equity Option:

The quantum of dividend for equity option will be 50% i.e. Rs 5 per unit on the face value on the record date. The NAV of the scheme was at Rs 21.2878 per unit as on 16 July 2009.

Reliance Regular Saving's Fund, Equity Option, has the investment objective to seek capital appreciation and/or to generate consistent returns by actively investing in equity/equity related securities.

Reliance Regular Saving Fund - Balanced Option:

The quantum of dividend for balanced option will be 30% i.e. Rs 3 per unit on the face value on the record date. The NAV of the scheme was at Rs 15.9919 per unit as on 16 July 2009.

Balanced Option has the objective to generate consistent return and appreciation of capital by investing in mix of securities comprising of equity, equity related instruments & fixed income instruments.

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