Religare MF declares dividend of Rs.2.70 per unit under Religare Mid Cap Fund

Religare MF has announced dividend of Rs. 2.70/- per unit (on the face value of Rs. 10) under the dividend option of Religare Mid Cap Fund. (Dividend is subject to the availability of distributable surplus and may be lower to the extent of distributable surplus available on the record date.

Pursuant to payment of dividend, the NAV of Dividend option of the Scheme would fall to the extent of payout and statutory levy, if any.) The record date for dividend is September 24, 2010. All investors under the dividend option, whose names appear on the register of unit holders as on September 24, 2010 would be eligible for dividend.

The NAV of the scheme as on September 17, 2010 under the dividend option stood at Rs. 15.71/- per unit.

Religare Mid Cap Fund is an open ended equity scheme that seeks to provide long term capital appreciation by investing in a portfolio that is predominantly constituted of equity and equity related instruments of Mid Cap Companies. The fund offers both Lump sum and SIP modes of investment along with dividend & growth options.

Source : Equity Bulls

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