Reliance MF declares dividend under Reliance Interval Fund - MIF-Sr I

Reliance Mutual Fund has announced dividend under Reliance Interval Fund - Monthly Interval Fund -Series I. The amount of dividend declared is 100% of the distributable surplus

The fund house has fixed August 14, 2009 as the record date for dividend declaration.

The dividend is declared under retail and institutional dividend options.

As on August 10, 2009 the net asset value stood at Rs 10.0348 per unit under institutional plan and Rs 10.0413 under retail plan.

The primary investment objective of the scheme is to seek 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.