Doubt in calculating Mutual Fund Dividends?



I have 1000 units of Reliance Diversified Power Sector MF. Current NAV is Rs.50 . On 17-Aug-2007, this MF has declared a Dividend of 30%. Will the Dividend be calculated on the Face Value of the MF (which is Rs 10) or on the Latest NAV of the MF (which is Rs 50) ? In other words, will I get 30% of 10000 or 30% of 50000 as dividend ? Please advice.

Doubt in calculating Mutual Fund Dividends?
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3 Replies to “Doubt in calculating Mutual Fund Dividends?”

  1. you PLEASE KEEP IN YOR MIND FOREVER THAT DIVIDEND IS DECLARED IN % OF FACE VALUE weather face value will be
    Rs. 10/20/50/100/01
    30% means 30% of yor face value Rs.10/-
    for one unit you will get Rs. 3/-
    for 1000 units you’ll get Rs. 3000/-
    NOT Rs. 15000/-







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