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Reliance Pharma Fund tops MF schemes last week

By SiliconIndia   |   Monday, March 29, 2010
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Bangalore: In the week ended March 26, 2010, Reliance Pharma Fund topped the mutual fund (MF) schemes with a growth rate of 3.09 percent. As on March 26 the net asset value (NAV) of the scheme was Rs.48.27. The open ended Fund has the fund size of Rs.287.13 crore as on February 26, 2010. According to mutualfundsindia.com, other MF schemes which followed Reliance Pharma Fund are, UTI Growth Sector Fund - Pharma and Healthcare, Religare Banking Fund, SBI Magnum Sector Umbrella - Pharma Fund and JM Hi Fi Fund, with growth rates of 3.08, 2.171, 2.170 and 2 percent, respectively. Last week Reliance Mutual Fund had declared dividend under its open ended schemes - Reliance Diversified Power Sector Fund, Reliance Vision Fund and Reliance Growth Fund. The quantum of dividend decided for distribution is 25 percent that is 2.5 per unit on the face value of Rs. 10 per unit each. The record date decided for distribution of dividend for all the schemes is 30th March, 2010. Reliance Diversified Power Sector Fund and Reliance Growth Fund are managed by Sunil Singhania and are benchmarked India Power Index & BSE 100 respectively. Reliance Vision Fund is managed by Ashwani Kumar is benchmarked against BSE 100, and Reliance Pharma Fund is managed by Sailesh Raj Bhan.
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