New Delhi: Anil Dhirubhai Ambani Group firm Reliance Mutual Fund on Wednesday announced a dividend of up to 50% for its two schemes: Reliance Regular Savings Fund and Reliance Equity Opportunities Fund.
The company would pay a dividend of 50% or Rs5 per unit and 30% or Rs3 per piece under the equity and balanced options of Reliance Regular Savings Fund, respectively, it said in a statement.
The fund house has also announced a dividend of 20% or Rs2 per unit under the retail and institutional plans of Reliance Equity Opportunities Fund. It has fixed 24 July as the record date for dividends.
“Reinforcing the investors’ faith, Reliance Mutual Fund has maintained its strategy of giving timely and regular dividends on its schemes,” Reliance Capital Asset Management CEO Sundeep Sikka said.
At the end of June, Reliance Mutual Fund has a corpus of over Rs1,08,332 crore for over 71 lakh investors.