Financial Daily from THE HINDU group of publications
Wednesday, Mar 23, 2005
Financial Daily from THE HINDU group of publications Wednesday, Mar 23, 2005 |
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Markets
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Mutual Funds Reliance Vision, Growth funds to pay 50%; 2:5 bonus on Medium Term Our Bureau
Coimbatore , March 22 RELIANCE Mutual Fund has announced a dividend pay out for three equity schemes and bonus allotment for another scheme. While the dividend pay out would be 50 per cent (Rs 5 per unit) under dividend option of both Reliance Vision Fund and Reliance Growth Fund, it would be 30 per cent (Rs 3 per unit) for Reliance Banking Fund. It has declared a bonus in the ratio of 2:5 (2 units for every 5 units held) under the bonus option of Reliance Medium Term Fund. It has fixed March 28 as the record date for the payment of dividend in Reliance Vision Fund and Reliance Banking Fund and for issue of bonus units in the Reliance Medium Term Fund. However, March 29 will be the record date for dividend payout in the Reliance Growth Fund, RMF has said in a notice posted on its Web site.
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