Reliance Mutual Fund has announced the declaration of dividend on the face value of Rs 10 per unit under dividend option of Reliance Medium Term Fund - Quarterly Dividend Plan and Reliance Monthly Income Plan - Quarterly Dividend Plan. The record date for dividend has been fixed as 20 December 2011. The quantum of dividend will be Rs 0.2375 per unit for Reliance Medium Term Fund - Quarterly Dividend Plan and Rs 0.2 per unit for Reliance Monthly Income Plan - Quarterly Dividend Plan.
Reliance Medium Term Fund is an open ended income scheme which has the primary investment objective to generate regular income in order to make regular dividend payments to unitholders and the secondary objective is growth of capital.
Reliance Monthly Income Plan is an open ended fund which has the primary investment objective to generate regular income in order to make regular dividend payments to unit holders and the secondary objective is growth of capital.
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