Reliance Mutual fund has announced 9 January 2012 as the record date for declaration of dividend under the dividend payout option of Reliance Fixed Horizon Fund – XVII – Series 2 (close ended income scheme). The quantum of dividend per unit will be entire distributable surplus available in the scheme as on the record date. The scheme recorded NAV of Rs 10.5949 per unit as on 2 January 2012.
News Source – NAV INDIA.
Tata Treasury Manager Fund has announced to introduce Daily Dividend Option along with the existing Monthly Dividend Option in Retail Investment Plan with effective from January 9, 2012. Tata Treasury Manager Fund – Regular Investment Plan- Monthly Dividend option will be split into Daily Dividend option and the existing Monthly Dividend Option. The applicable NAV for Daily Dividend Option on the effective date will be the NAV of Monthly Dividend option as on that date.
News Source – MONEY CONTROL.