Mumbai: Religare Mutual Fund has declared dividend under its Religare Tax Plan scheme. The record date for distribution of dividend is January 20, 2011.
The quantum of dividend decided for distribution is Rs 2 per unit on the face value of Rs 10.
Religare Mutual Fund is an open ended equity ELSS scheme with investment objective to generate long term capital growth from a diversified portfolio of predominantly equity and equity related securities. The scheme is jointly managed by Vetri Subramaniam and Vinay Paharia. It is benchmarked against BSE 100.
