Reliance MF Changes Dividend Record Date Under Its Income Fund

Reliance mutual fund has decided to change the dividend record date in the offer document of Reliance Income Fund under monthly, quarterly, half yearly, annual dividend plans from 15th to 19th month under the respective plans. Accordingly, the existing text mentioned in the “Units and Offer” of the offer document of the scheme shall be replaced with revised text as follows:

“Dividend will be distributed subject to availability of distributable surplus, after deduction of taxes, such as income distribution tax plus surcharge etc as applicable on the 19th of each month under the monthly dividend plan, on the 19th June, September, December and March each year under the quarterly dividend plan; on the 19th September and March each year under the half yearly dividend plan and on the 19th March each year under the annual dividend plan or the next working day, if the 19th is a holiday/ non-business day.”

Reliance Income Fund is an open-ended income scheme. The primary investment objective of the scheme is to generate optimal returns consistent with moderate levels of risk. This income may be complemented by capital appreciation of the portfolio. Accordingly, investments shall predominantly be made in debt and money market instruments.