AMC Decided To Distribute Up To 100% Of Surplus - June 12, 2008

Tata Mutual Fund has announced the declaration of dividend under dividend option for Tata Floating Rate Fund -Long Term. The record date is set as 16 June 2008. The AMC decided to distribute up to 100% of the net distributable surplus generated between 27 March 2008 to 16 June 2008 will be distributed as dividend. The NAV for the scheme under Tata Floating Rate Fund -Long Term dividend option was Rs.10.3401 as on 9 June 2008. Tata Floating Rate Fund -Long Term is an open-ended debt fund and the scheme aims to generate stable returns with a low risk strategy by creating a portfolio that is substantially invested in good quality floating rate debt or money market instruments.