 Tata Life Sciences & Technology Fund declares 20% dividendPublished on Tue, Jul 07, 2009 at 12:40 | Source : Moneycontrol.com Updated at Tue, Jul 07, 2009 at 12:58 Like this story, share it with millions of investors on M3
TATA Mutual Fund has declared a dividend of 20% (Rs 2 on the face value of Rs 10 per unit) in its open-end equity scheme - Tata Life Sciences & Technology Fund. The record date for dividend is July 10, 2009. (Check out - Recent MF Dividends) All unitholders registered under the dividend option of Tata Life Sciences & Technology Fund as on the record date will be eligible to receive the dividend. The NAV as on July 6, 2009 under the dividend plan was Rs 25.1842. Tata Life Sciences & Technology Fund is an open-ended equity fund. The objective of the scheme is to provide medium to long term capital gains and/or income distribution along with capital gains tax relief to its unitholders, while at all times emphasising the importance of capital appreciation. The last dividend by the scheme was 50% in July 2007. Over the last one year, Tata Life Sciences & Technology Fund has yielded 9.7% as compared to 4.38% given by its benchmark BSE Sensex as on July 6, 2009. For more Mutual Fund News click here
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