Reliance Mutual Fund has announced dividend on the face value of Rs 10 per unit for Reliance Interval Fund – Quarterly Interval Fund - Series III. The dividend is declared under both the retail and institutional plan. The record date is set as 05 December 2008.The fund house has decided to distribute 100% of distributable surplus available under both plans as on record date.
The NAV for the scheme under retail plan was Rs. 10.2397 and under institutional plan NAV was Rs. 10.2473 as on 28 November 2008.Consequent on the payment of dividend, per unit NAV of the scheme will fall to the extent of payout, and statutory levy (if any).
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