Monday, August 18, 2008

Tata MF Declares Dividend For Tata Fixed Horizon Fund - Aug 18 , 2008

Tata Mutual Fund has announced the declaration of dividend under periodic dividend option for Tata Fixed Horizon Fund-Series 13-Scheme C. The record date is set as 20 August 2008. The AMC decided to distribute up to 100% of the returns subject to availability of distributable surplus available on the record date will be distributed as dividend.

The NAV for the scheme under regular investment plan was Rs.10.8827 as on 13 August 2008. Tata Fixed Horizon Fund-Series 13 -Scheme C was launched in August 2007. It is a close-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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