Thursday, April 3, 2008

Tata MF Declares Dividend

Tata Mutual Fund has announced the declaration of dividend under dividend option for Tata Dynamic Bond Fund-Option A. The record date is set as 8 April 2008. The AMC decided to distribute up to 100% of the net distributable surplus generated between 27 March 2008 to 8 April 2008 available as on record date as a dividend. The NAV for the scheme under dividend option was Rs.10.5204 as on 31 March 2008.

Tata Dynamic Bond Fund-Option A is an open-ended debt scheme launched. The objective of the scheme is to create a liquid portfolio of good quality debt as well as money market instruments so as to provide reasonable returns and high liquidity to the unit holders.

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