Thursday, July 23, 2009

Reliance MF declares dividend for two schemes

New Delhi: Reliance Mutual Fund on Wednesday announced a dividend of up to 50 per cent for its two schemes- Reliance Regular Savings Fund and Reliance Equity Opportunities Fund.

The company would pay a dividend of 50 per cent or Rs 5 per unit and 30 per cent or Rs 3 per piece under the equity and balanced options of Reliance Regular Savings Fund, respectively, it said in a statement.

Moreover, the fund house has also announced a dividend of 20 per cent or Rs 2 per unit under the retail as well as institutional plans of Reliance Equity Opportunities Fund. The record date for the dividend has been fixed as July 24.

At the end of June, Reliance Mutual Fund has a corpus of more than Rs 1,08,332 crore for over 71 lakh investors.

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