Saturday, March 13, 2010 11:15 Hrs IST

Tata MF Declares Dividend For Income Plus Fund

Record date for dividend is 18 March 2010

Tata Mutual Fund has declared dividend on the face value of Rs. 10 per unit under the quarterly dividend option of Tata Income Plus Fund. The record date for the dividend is set as 18 March 2010.

The quantum of the dividend for retail investment plan & high investment plan is Rs. 0.1479 per unit as on the record date. The NAV of retail investment plan was at Rs. 10.9635 per unit and Rs. 10.9775 per unit for high investment plan as on 11 March 2010.

Tata Income Plus Fund is an open ended pure debt scheme, investing only in debt & money market instruments, which has investment objective to provide income/bonus distribution and/or medium to long term capital gains while at all times emphasizing the importance of capital appreciation.