Dividend declared by Reliance Mutual Fund

Reliance Mutual Fund has announced 2.5 per cent dividend under dividend payout option of scheme named as “Reliance Arbitrage Advantage Fund” on the face value of Rs 10 per unit.

The record date for the dividend was June 29. The latest NAV of the scheme is Rs 11.77.

The investment objective of the open ended equity diversified scheme is to generate income by taking advantage of the arbitrage opportunities that potentially exists between cash and derivative market and within the derivative segment along with investments in debt securities & money market instruments.

The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Krishan Daga is the fund manager of the scheme.