Reliance Vision Fund to pay 50% dividend

Reliance Mutual Fund, will announce a dividend of 50 per cent under its retail and institutional scheme Reliance Vision Fund, on Monday, a press release issued by the company said.

Reliance MF is part of the Anil Dhirubhai Ambani Group.

The record date for dividend, which is Rs 5 per unit on the face value of Rs 10, is Friday.

All unit holders registered under the Reliance Vision Fund scheme as on the record date will be eligible for this dividend.

Reliance Vision Fund is an open-ended diversified equity scheme, with a primary investment objective to achieve long-term growth of capital by investing in equity and equity-related securities through a research-based investment approach.

The net asset value as on November 20 under the dividend plan of Reliance Vision Fund – retail and institutional – was Rs 46.3236 and Rs 226.091, respectively, the release said.

Mr Sundeep Sikka, CEO Reliance Mutual Fund, said in the press release, “We have always maintained our strategy of giving timely and regular dividends on equity schemes.”

Source: http://www.thehindubusinessline.com/2009/11/23/stories/2009112350850400.htm