Reliance Mutual Fund has announced 0.7220 per cent dividend under dividend payout option of scheme named as "Reliance Dual Advantage Fixed Tenure Fund II - Plan B" on the face value of Rs 10 per unit.
The record date for the dividend is April 10. The latest NAV of the scheme is Rs 15.20.
The investment objective of the close ended debt income scheme is to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities that are maturing on or before the maturity of the Scheme along with capital appreciation through equity exposure.
The performance of the scheme was benchmarked against Crisil MIP Blended Index. Krishan Daga is the fund manager of the scheme.