Tata Mutual Fund has proposed to declare dividend under dividend option of Tata Fixed Investment Plan – 1 Scheme A. The record date for the same is April 6, 2009. The quantum of dividend will be upto 100% of the distributable surplus (i.e. net of dividend distribution tax and other statutory levy) available on the record date will be distributed as dividend on face value of Rs 10 per unit.The NAV of the regular investment plan with monthly dividend option was at Rs 11.0820 per unit. The NAV of the periodic dividend under regular and institutional plan as on March 26, 2009 was at Rs 11.0044 per unit. Tata Fixed Investment Plan – 1 Scheme A is a close ended debt fund with an aim to generate income and/or capital appreciation by investing in wide range of debt as well as money market instruments.
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