Religare Banking Fund declares maiden dividend

All unitholders under the dividend option of Religare Banking Fund (Retail Plan) as on the record date will be eligible to receive the dividend. The NAV as on June 26, 2009 under the dividend plan of Religare Banking Fund (Retail Plan) was Rs 12.48.

Religare Banking Fund, is an open ended banking sector scheme. The investment objective of the schem is to generate long-term capital growth from a portfolio of equity and equity-related securities of companies engaged in the business of banking and financial services.

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