Wednesday, December 16, 2009

Reliance MF Declares Dividend for Monthly Income Plan

Record date for dividend is 21 December 2009 

Reliance Mutual Fund has announced the declaration of dividend on the face value of Rs 10 per unit under quarterly dividend plan of Reliance Monthly Income Plan. The record date for dividend has been fixed as 21 December 2009.

The quantum of dividend will be 5.78% (Rs 0.5779 per unit) as on the record date. The scheme recorded NAV of Rs 11.9085 as on 14 December 2009.

Reliance Monthly Income Plan is an open ended fund with the primary investment objective to generate regular income in order to make regular dividend payments to unitholders and the secondary objective is growth of capital.