Reliance Mutual Fund has announced the declaration of dividend on the face value of Rs 10 per unit for Reliance Interval Fund - Monthly Interval Fund - Series I under both retail and institutional plan. The record date is set as 14 February 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. 10.0717 as on 7 February 2008. The NAV for the scheme under institutional plan was Rs. 10.0709 as on 7 February 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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