Monday, January 17, 2011

Religare MF declares dividend under Religare Tax Plan

Record date for dividend is 20 January 2011 

Religare Mutual Fund has announced declaration of dividend under the dividend option of Religare Tax Plan. The record date is set as 20 January 2011. The fund house has decided to distribute Rs 2 per unit as dividend on the face value of Rs 10 per unit. 

The scheme recorded NAV of Rs 14.56 per unit as on 13 January 2011. 

Religare Tax Plan is an open ended equity linked savings scheme. The investment objective is to generate long term capital growth from a diversified portfolio of pre dominantly equity and equity related securities.