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Monday, August 31, 2009

Tata MF Delares Dividend For Tax Saving Fund

Record date for dividend is 4 September 2009

Tata Mutual Fund has announced the declaration of dividend on the face value of Rs 10 per unit in Tata Tax Saving Fund. The record date for dividend has been fixed as 4 September 2009.

The quantum of dividend will be 30% i.e. Rs 3 per unit on the face value as on the record date. The NAV of the scheme was at Rs 44.2941 per unit as on 27 August 2009.

Tata Tax Saving Fund, an open ended equity linked tax saving fund. The objective of the scheme is to provide medium to long term capital gains alongwith income tax relief to its unitholders, while at all times emphasizing the importance of capital appreciation.

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