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Sunday, August 23, 2009

Reliance Mutual Fund declares dividend for 3 schemes

Reliance Mutual Fund, a part of the Anil Dhirubhai Ambani Group, today announced dividends for three mutual fund schemes including its banking fund.

The Reliance Banking Fund holders will receive 20 per cent dividend, while the investors of Reliance Pharma Fund will get 15 per cent, the company said in a statement. Further, the company has also declared a dividend of 15 per for its Tax Saver (ELSS) fund."Our aim has always been to maintain positivity of results and ensure that we focus on long term wealth creation for our investors through prudent investment, monitoring of trends and higher safety," Reliance Mutual Fund CEO Sundeep Sikka said

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