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Monday, July 06, 2009

Religare Arbitrage Fund offers dividend

Record date for dividend is 9 July 2009

Religare Mutual Fund has decided to offer dividend under dividend options of Religare Arbitrage Fund. The record date for the dividend is 9 July 2009.

The fund house has decided to offer Re 0.15 per unit i.e. 1.50% as dividend for face value per unit of Rs 10 per unit. Distribution of the dividend is subject to the availability of distributable surplus and may be lower to the extent of distributable surplus available on the record date. The NAV of the scheme was at Rs 10.3389 per unit as on 2 July 2009.

The investment objective is to generate income through arbitrage opportunities emerging out of mis-pricing between the cash market and the derivatives market and through deployment of surplus cash in fixed income instruments.

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