55% div announced under Reliance Growth Fund - IP

Reliance Mutual Fund has announced 55 per cent dividend under dividend payout option of scheme named as “Reliance Growth Fund - Institutional Plan” on the face value of Rs 10 per unit.

The record date for the dividend is March 5. The latest NAV of the scheme is Rs 667.92.

The investment objective of the equity - diversified scheme is to achieve long-term growth of capital by investing in equity and equity related securities through a research-based investment approach.

The performance of the scheme is benchmarked against BSE 100 Index. Sunil Singhania is the fund manager of the scheme.