Reliance MF Declares Dividend For Short Term Fund

Reliance Mutual Fund has announced the declaration of dividend of 3.12% for Reliance Short Term Fund under dividend option. The record date is set as 19 December 2007. The NAV of the scheme stood at Rs 10.5929 as on 17 December 2007.

Reliance Short Term Fund is an open-ended income scheme. The investment objective of the scheme is to generate stable returns for investors with a short-term investment horizon by investing in fixed income securities of short- term maturity.