Tata Mutual Fund has announced the declaration of dividend under periodic dividend option for Tata Fixed Income Portfolio Fund-Series B3. The record date is set as 26 June 2008.
The AMC decided to distribute up to 100% of the net distributable surplus generated between 28 March 2008 to 26 June 2008 will be distributed as dividend.
The NAV for the scheme under regular quarterly dividend option was Rs.10.9683 as on 19 June 2008.
Tata Fixed Income Portfolio Fund-Series B3 was launched in November 2007. It is an open-ended debt scheme with an aim of generating returns and / or capital appreciation along with minimization of interest rate risk by investing predominantly in a portfolio of debt and money market instruments.
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