Reliance MF Has Announced The Declaration Of Dividend

Reliance Mutual Fund has announced the declaration of dividend on the face value of Rs 10 per unit for Reliance Fixed Horizon Fund- III- Annual Plan -Series I under both retail and institutional plan. The record date is set as 12 May 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. 10.1354 and that of under institutional plan was Rs. 10.1368 as on 5 May 2008. Reliance Fixed Horizon Fund- III- Annual Plan -Series I 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.