Dec 24 set as record date for div under “Reliance Tax Saver Fund”

Reliance Mutual Fund has announced 10 per cent dividend under dividend payout option of scheme named as “Reliance Tax Saver Fund” on the face value of Rs 10 per unit.

The record date for the dividend is December 24. The latest NAV of the scheme is Rs 22.88.

The investment objective of the Equity - ELSS scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity-related instruments.

The performance of the scheme is benchmarked against BSE 100 Index. Ashwani Kumar is the fund manager of the scheme.