Tuesday, May 11, 2010

Tata MF Declares Dividend For Growth Fund

Record date for dividend is 14 May 2010 

Tata Mutual Fund has announced the declaration of dividend on the face value of Rs 10 per unit under dividend option of Tata Growth Fund. The record date for dividend has been fixed as 14 May 2010. 

The quantum of dividend will be 20% (i.e. Rs. 2 per unit) as on the record date. The NAV of the scheme stood at Rs 18.3531 per unit as on 6 May 2010. 

Tata Growth Fund is a open ended equity fund with the primary objective to provide income distribution and/or medium to long term capital gains.