Monday, August 4, 2008

Tata MF Declares Dividend - Aug o4, 2008

Tata Mutual Fund has announced the declaration of dividend under periodic dividend option for Tata Fixed Income Portfolio Fund-Series B2. The record date is set as 7 August 2008. The AMC decided to distribute up to 100% of the returns generated between 29 May 2008 to 7 August 2008 will be distributed as dividend.

The NAV for the scheme under regular investment plan was Rs.10.1625 and that of under institutional plan was Rs 10.1628 as on 31 July 2008. Tata Fixed Income Portfolio Fund-Series B2 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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