Tata Dividend Yield Fund declares dividend

Tata Mutual Fund has announced a dividend of 20% (Re 2.00/- on the face value of Rs10/- per unit) under the dividend option of Tata Dividend Yield Fund. The record date for dividends has been fixed as July 23, 2010.

All unit holders registered under the dividend option of the scheme as on July 23, 2010 will be eligible for this dividend. The NAV of the Scheme as on July 16, 2010 under the dividend option was Rs. 22.403. (Check out - Recent MF Dividends)

Tata Dividend Yield Fund is an open ended equity fund. The investment objective is to provide income distribution and / or medium to long term capital gains by investing predominantly in high dividend yield stocks.

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