Tuesday, February 24, 2009

Religare MF Declares Dividend For Two Interval Funds- Feb 24, 2009

Religare Mutual Fund has declared dividend under dividend options of Religare Half Yearly Interval Fund-Plan A and Religare Quarterly Interval Fund-Plan B, debt oriented interval schemes. The record date of dividend distribution is 1 March 2009.

Religare Half Yearly Interval Fund-Plan A

The fund will offer dividend under regular and institutional plans on face value of Rs 10 per unit. The quantum of dividend will be Re 0.51338955 per unit under regular plan and for institutional plan it will be Re 0.52089118 per unit.

The NAV of the scheme under regular plan was at Rs 10.5363 per unit and Rs 10.5438 per unit for institutional plan as on 19 February 2009.

Religare Quarterly Interval Fund-Plan B

The quantum of dividend for Religare Quarterly Interval Fund-Plan B will be Re 0.29730775 per unit on face value of Rs 10 per unit. The NAV of the scheme was at Rs 10.2973 per unit as on 19 February 2009.

This declared dividend amount was available for distribution on 19 February 2009. However, the actual distributable surplus available on the record date will be distributed.

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