Tata Mutual Fund today said it has announced a 30 per cent dividend for one of its schemes - Tata Tax Saving Fund.     

The investors in Tata Tax Saving Fund would receive a 30 per cent dividend, at the rate of Rs 3 per unit on the face value of Rs 10 each, Tata MF said in a statement.     

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The scheme came into existence in March 31, 1996, as an open ended equity linked saving scheme.

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