Reliance Mutual Fund has announced 24 March 2011 as the record date for the declaration of dividend on the face value of Rs 10 per unit under dividend options of following schemes:
Reliance Growth Fund: The quantum of dividend will be Rs 4 per unit for retail plan and institutional plan. The scheme recorded NAV of Rs 53.3177 per unit for retail plan and Rs 424.3054 per unit for institutional plan as on 17 March 2011.
Reliance Quant Plus Fund: The quantum of dividend will be Rs 2.50 per unit. The scheme recorded NAV of Rs 13.1006 per unit as on 17 March 2011.
Reliance Growth Fund is an open ended equity growth scheme which has the investment objective to achieve long term growth of capital by investing in equity and equity related securities through a research based investment approach.
Reliance Quant Plus is an open ended equity scheme which has the investment objective to generate capital appreciation through investments in equity and equity related instruments. The scheme will seek to generate capital appreciation by investing in an active portfolio of stocks selected from S&P CNX Nifty on the basis of a mathematical model.
Source: http://www.indiainfoline.com/Markets/News/PrintNews.aspx?NewsId=3612548709
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