Reliance MF Declares Dividend For Quarterly Interval Fund

Reliance Mutual Fund has announced dividend under retail and institutional plan in Reliance Interval Fund ? Quarterly Interval Fund -Series II. The record date for the dividend has been set as November 6, 2009. The fund house has decided to distribute 100% of distributable surplus as dividend on the record date on the face value of Rs 10 per unit for both plans - retail and institutional plans. The NAV for retail plan was at Rs 10.1262 per unit while Rs 10.1316 per unit for institutional plan as on October 29, 2009.

Reliance Interval Fund ? Quarterly Interval Fund, is a debt oriented interval scheme with an investment objective to seek to generate regular returns as well as growth of capital by investing in a diversified portfolio of Central and state government securities and other fixed income/ debt securities normally maturing in line with the time profile of the plan.