Reliance Mutual Fund has announced the declaration of dividend for Reliance Interval Fund – Quarterly Interval Fund – Series III. The record date is set as 5 December 2007. The fund house has decided to distribute 100% of surplus available under both plans as on record date. The NAV for the scheme under retail plan was Rs. 10.1899 as on 28 November 2007. The NAV for the scheme under institutional plan was Rs. 10.1925 as on 28 November 2007.
Reliance Interval Fund – Quarterly Interval Fund – Series III is a debt oriented interval scheme. The investment objective of the scheme is to generate regular returns and growth capital by investing in a diversified portfolio of central and state government securities and other fixed income/ debt securities normally maturing in line with the time profile of the plan with the objective of limiting interest rate volatility.
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