Mumbai: Tata Mutual Fund has declared dividend under its Tata Dividend Yield Fund. The record date for distribution of dividend is March 18, 2011.
The quantum of dividend decided for distribution is Rs 1 per unit on the face value of Rs 10.
Tata Dividend Yield Fund is an open ended equity scheme with investment objective to provide income distribution and / or medium to long term capital gains by investing predominantly in high dividend yield stocks. The scheme is managed by Bhupinder Sethi. It is benchmarked against BSE Sensex.
