Tata MF has declared dividend on the face value of Rs 10 per unit dividend under the income option of Tata Floating Rate Fund-Long Term. The record date for dividend is September 17, 2012.
The quantum of dividend will be entire available distributable surplus as on the record date on the face value of Rs 10 per unit.
The investment objective of the scheme is to generate stable returns with a low risk strategy by creating portfolio that is substantially invested in good quality floating rate debt or money market instruments fixed rate debt or money market instruments swapped for floating returns and fixed rate debt and money market instruments.
Source : Accord Fintech
