Reliance Vision Fund to pay 50 percent dividend
Mumbai: Reliance Mutual Fund (MF) announced a dividend of 50 percent under its retail and institutional scheme Reliance Vision Fund. Reliance MF is part of the Anil Dhirubhai Ambani Group.
The record date for dividend, which is 
5 per unit on the face value of 10, is November 20, 2009. All unit holders registered under the Reliance Vision Fund scheme as on the record date will be eligible for this dividend. "We have always maintained our strategy of giving timely and regular dividends on equity schemes," said Sundeep Sikka, CEO of Reliance MF.
Reliance Vision Fund is an open-ended diversified equity scheme, with a primary investment objective to achieve long-term growth of capital by investing in equity and equity-related securities through a research-based investment approach. The net asset value as on November 20 under the dividend plan of Reliance Vision Fund - retail and institutional - was 46.3236 and 226.091, respectively, the company said.
5 per unit on the face value of 10, is November 20, 2009. All unit holders registered under the Reliance Vision Fund scheme as on the record date will be eligible for this dividend. "We have always maintained our strategy of giving timely and regular dividends on equity schemes," said Sundeep Sikka, CEO of Reliance MF.
Reliance Vision Fund is an open-ended diversified equity scheme, with a primary investment objective to achieve long-term growth of capital by investing in equity and equity-related securities through a research-based investment approach. The net asset value as on November 20 under the dividend plan of Reliance Vision Fund - retail and institutional - was 46.3236 and 226.091, respectively, the company said.