Reliance MF announces dividend under Reliance Interval Fund-MIF-Sr II

Reliance Mutual Fund has announced dividend under Reliance Interval Fund-Monthly Interval Fund-Series II. The fund house has fixed July 28, 2009 as the record date for dividend declaration. The dividend is declared under retail and institutional plan

The amount of dividend declared is 100% of distributable surplus. As on July 22, 2009 the net asset value stood at Rs 10.0269 per unit under retail plan and Rs 10.0283 under institutional plan.

The investment objective of the scheme is to generate regular returns and 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 with the objective of limiting interest rate volatility.