Reliance Mutual Fund has declared dividend on the face value of Rs 10 per unit under the quarterly dividend option of Reliance Floating Rate Fund - Short Term Plan - Dividend Plan. The record date for dividend is June 19, 2012. The quantum of dividend will be Rs 0.2674 per unit.
The investment objective of the scheme is to generate regular income through investment in a portfolio comprising substantially of floating rate debt securities (including floating rate securitized debt, money market instruments and fixed rate debt instruments swapped for floating rate returns). The scheme shall also invest in fixed rate debt securities (including fixed rate securitized debt, money market instruments and floating rate debt instruments swapped for fixed returns).
Source: Accord Fintech
