Dividend Declaration under Religare FMP 375 Days Series XIII

Religare Mutual Fund has announced dividend under Religare Fixed Maturity Plan-375 days-Series XIII. The fund house has fixed July 26, 2009 as the record date for dividend declaration. The dividend is declared under regular and institutional options

The amount of dividend declared is 100% distributable surplus. As on July 20, 2009 the net asset value stood at Rs 10.6858 per unit under institutional and Rs 10.6206 per unit under retail plans.

The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments normally maturing in line with duration of the scheme.