Reliance Mutual Fund declares dividend for two schemes

Anil Dhirubhai Ambani Group firm Reliance Mutual Fund today announced a dividend of up to 50 per cent for its two schemes: Reliance Regular Savings Fund and Reliance Equity Opportunities Fund.

The company would pay a dividend of 50 per cent or Rs 5 per unit and 30 per cent or Rs 3 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 per cent or Rs 2 per unit under the retail and institutional plans of Reliance Equity Opportunities Fund. It has fixed July 24 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 Rs 1,08,332 crore for over 71 lakh investors.