Reliance Mutual Fund has announced the declaration of dividend on the face value of Rs 10 per unit for Reliance Fixed Horizon Fund- II- Annual Plan -Series III under both retail and institutional plan. The record date is set as 9 April 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 both retail and institutional plan was Rs. 10.4369 as on 2 April 2008.
Reliance Fixed Horizon Fund- II- Annual Plan -Series III is a close-ended income fund. The primary investment objective of the scheme is to seek to generate regular returns and growth of 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 series with the objective of limiting interest rate volatility.
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