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Monday, August 24, 2009

Reliance MF Declares Dividend For Banking Fund

Record date for dividend is 28 August 2009

Reliance Mutual Fund has declared dividend under retail and institutional plan in Reliance Banking Fund. The record date for the dividend is 28 August 2009.

The quantum of dividend will be 20% i.e. Rs 2 per unit on the face value of Rs 10 per unit for both plans viz. retail and institutional plans. The NAV of the scheme under retail plan was Rs 26.3707 per unit and under institutional plan was Rs 61.2467 per unit as on 20 August 2009.

Reliance Banking Fund, is a debt oriented interval scheme with an investment objective to seek to generate continuous returns by actively investing in equity and equity related or fixed income securities of Banks.

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