Reliance Mutual Fund declares 50% dividend in open-ended scheme

Mumbai, July 22, 2009: Reliance Mutual Fund, part of Anil Dhirubhai Ambani Group, on Wednesday announced a dividend of up to 50 per cent in its Reliance Regular Savings Fund and Reliance Equity Opportunities Fund, an open ended diversified equity fund.

The announcement was made by Mr. Sundeep Sikka, CEO, Reliance Capital Asset Management Ltd.

The company declared a dividend of 50 per cent (Rs. 5 per unit on the face value of Rs. 10) and 30 per cent (Rs. 3 per unit on the face value of Rs. 10) under the Equity & Balanced Options of Reliance Regular Savings Fund, respectively.

Reliance Mutual Fund also announced a dividend of 20 per cent (Rs. 2 per unit of the face value of Rs. 10) under the Retail and Institutional Plans of Reliance Equity Opportunities Fund.

The record date for dividends is July 24, 2009. All unit holders registered under the above schemes as on July 24, 2009 will be eligible for this dividend.

This is the fourth consecutive year that Reliance Equity Opportunities Fund would be paying out dividends in line with the Reliance Mutual Fund philosophy of passing on benefits to the end investors.

"Reinforcing the investors' faith, Reliance Mutual Fund has maintained its strategy of giving timely and regular dividends on its schemes," said Mr. Sikka.

Along with a Five-star rating from valueresearchonline.com, the growth plan in Equity and Balanced options of Reliance Regular Savings fund have also given significant absolute returns of 75 per cent and 50 per cent, respectively, in the last six months.

The NAV as on July 17, 2009 under the dividend plan of Reliance Regular Savings Fund - Equity and Balanced Option was Rs. 21.8319 and Rs. 16.2719, respectively.

The NAV for Reliance Equity Opportunities Fund Dividend Option - Retail and Institutional Plan for the same date was Rs 16.2148 & Rs 20.2983 respectively.

About Reliance Mutual Fund

Reliance Mutual Fund, a part of the Reliance - Anil Dhirubhai Ambani Group, is the No. 1 Mutual fund in the country managing a corpus of over Rs. 1,08,332 crore for over 71 lac investors (as on June 30, 2009). Source: www.amfiindia.com. Reliance Mutual Fund offers investors a well-rounded portfolio of products to meet varying investor requirements and has presence in over 400 cities and towns across the country. Reliance Mutual Fund constantly endeavors to launch innovative products and customer service initiatives to increase value to investors. With More than 90% of the applicants having less than Rs. 50,000 of investments and over 1 million SIP investors proves that Reliance Mutual Fund is truly a very retail focused fund house.

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