Reliance Mutual Fund has approved to declare dividend under dividend options of two open ended equity growth funds namely Reliance Growth Fund and Reliance Vision Fund. The dividend will be offered under both retail and institutional plan of aforesaid funds. The record date for the dividend is 20 March 2009.
Both Reliance Growth Fund and Reliance Vision Fund will offer quantum of dividend at 20% i.e. Rs 2.00 per unit on the face value of Rs 10 per unit.
Both the above mentioned equity oriented funds seeks to achieve long term growth of capital by investing in equity and equity related securities through a research based investment approach.
NAV of Reliance Growth Fund under retail plan was at Rs 28.1056 and under institutional plan at was Rs 185.2980 per unit as on 12 March 2009.
NAV of Reliance Vision Fund under retail plan was at Rs 24.9474 and under institutional plan at was Rs 114.5135 per unit as on 12 March 2009.
Both Reliance Growth Fund and Reliance Vision Fund will offer quantum of dividend at 20% i.e. Rs 2.00 per unit on the face value of Rs 10 per unit.
Both the above mentioned equity oriented funds seeks to achieve long term growth of capital by investing in equity and equity related securities through a research based investment approach.
NAV of Reliance Growth Fund under retail plan was at Rs 28.1056 and under institutional plan at was Rs 185.2980 per unit as on 12 March 2009.
NAV of Reliance Vision Fund under retail plan was at Rs 24.9474 and under institutional plan at was Rs 114.5135 per unit as on 12 March 2009.
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