Religare MF has announced dividend of Rs. 0.75/- per unit on the face value of Rs. 10 under the dividend option of Religare Tax Plan. (Dividend distribution is not assured and is subject to availability of distributable surplus on the record date. Pursuant to the payment of dividend, the NAV of the scheme would fall to the extent of payout and statutory levy if any.)
The record date for dividend is March 30, 2011. All investors under the dividend option, whose names appear on the register of unit holders as on March 30, 2011 would be eligible for dividend. Religare Tax Plan is an open ended equity linked savings scheme with a lock in period of 3 years. The scheme seeks to generate long term capital growth from a diversified portfolio of predominantly equity and equity-related securities. The NAV of the scheme as on March 24, 2011 under the dividend option stood at Rs. 11.91/- per unit.
This is the 4th dividend declared by the scheme since its inception; the last dividend declared by the scheme was in Jan 2011. (Past performance may or may not be sustained in future)
The fund offers both Lump sum and SIP modes of investment along with dividend & growth options. The minimum application amount under both options is Rs. 500/- and in multiples of Re.500/- thereafter.
No comments:
Post a Comment