Reliance Mutual Fund has announced the declaration of dividend for Reliance Interval Fund – Monthly Interval Fund – Series I under both retail and institutional plan. The record date is set as 14 January 2008. 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. 10.0597 as on 7 January 2008. The NAV for the scheme under institutional plan was Rs. 10.0593 as on 7 January 2008. Reliance Interval Fund – Monthly Interval Fund – Series I 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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