Reliance MF declares dividend under Reliance FHF-X-Series 7

Reliance Mutual Fund has announced dividend under Reliance Fixed Horizon Fund-X-Series 7. The fund house has fixed July 28, 2009 as the record date for dividend declaration. The dividend has been declared under retail, institutional and super institutional plan.

The amount of dividend declared is 100% of distributable surplus. As on July 22, 2009 the net asset value stood at Rs 10.7185per unit under retail plan, Rs 10.7362 under institutional plan and Rs 10.7539 under super institutional plan.

The primary 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 scheme with the objective of limiting interest rate volatility.