Reliance Mutual Fund has announced the declaration of dividend under dividend option of Reliance Medium Term Fund and Reliance Monthly Income Plan. The record date is set as 22 December 2008.Reliance Medium Term Fund,The quantum of dividend will be 2.57% i.e. Rs 0.2572 per unit on face value of Rs 10 per unit. The NAV has been recorded at Rs 10.9484 as on 15 December 2008.
Reliance Medium Term Fund, an open-ended income scheme, launched in August 2000, with an investment objective of generating regular income in order to make regular dividend payments to unit holders and the secondary objective is growth of capital Reliance Monthly Income Plan.
The Fund will offer dividend under retail plan at 0.60% i.e. Rs 0.0600 per unit on face value of Rs 10 per unit. The NAV has been recorded at Rs 11.5285 as on 15 December 2008.Reliance Monthly Income Plan, an open-ended income scheme launched in December 2003. The investment objective of the scheme is to generate regular income in order to make regular dividend payments to unit holders and the secondary objective is growth of capital.
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