Reliance Vision Fund Declares 50% Dividend

The Trustees of Reliance Mutual Fund have declared a dividend under the scheme Reliance Visiona Fund (Dividend Option). The Dividend declared per unit is Rs 5.0/- The Face Value per Unit is Rs. 10/-

The Record date for the dividend is November 27, 2009.

The NAV of Reliance Vision Fund - Retail Plan (Dividend Option) is Rs 45.7937 and Institutional Plan (Dividend Option) is Rs 223.5042 as on Nov 19, 2009.

Unit holders under Dividend Option whose names appear in the register of unit holders as at the record date (November 27, 2009) shall be entitled to receive the dividend. The reinvestment in units of the dividend amount, if opted for reinvestment, will be done at ex-dividend NAV.

Distribution of the above Dividend is subject to the availability and adequacy of distributable surplus. Pursuant to payment of Dividend, the NAV of the Scheme (Dividend Option) will fall to the extent of payout and statutory levy, if any.

Source : Equity Bulls

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