Thursday, September 4, 2008

Tata MF Declares Dividend Under Fixed Horizon Fund - 4 Sep 08

Tata Mutual Fund has announced the declaration of dividend under periodic dividend option for Tata Fixed Horizon Fund-Series 14-Scheme B. The record date is set as 8 September 2008. The AMC decided to distribute up to 100% of the distributable surplus available on the record date will be distributed as dividend. The NAV for the scheme under both regular and institutional investment plan was Rs.10.3662 as on 1 September 2008. Tata Fixed Horizon Fund-Series 14-Scheme B was launched in September 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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