Tata Life Sciences & Technology Fund Declare 25% Dividend

Tata Mutual Fund has declared a dividend of 25% (Rs 2.5 per unit on the face value of Rs 10) in its Tata Life Sciences & Technology Fund - an open-ended equity scheme which aims to invest in fast growing, intellectual property driven new economy sectors which have the potential of creating long term value.
The record date for the dividend is April 27, 2007. All investors registered under the dividend option of the scheme as on April 27, 2007 will receive this dividend. Please note that dividend as decided shall be paid, subject to availability of distributable surplus. Pursuant to payment of dividend, the NAV of the schemes would fall to the extent of payout and statutory levy (if applicable). The NAV as on April 20, 2007 under dividend option of scheme was 39.72.

Tata Life Sciences & Technology Fund was launch in July 1999. The objective of the scheme will be to provide income distribution and/or medium to long term capital gains while at all times emphasising the importance of capital appreciation.

The last dividend declared by the scheme was 25% in November 2006. Over the last one year, Tata Life Sciences & Technology Fund has yielded 18.7% as compared to 15.5% given by its benchmark Sensex as on April 20, 2007.