Tata Mutual Fund has declared dividend under its scheme, Tata Mid Cap Fund. The quantum of dividend decided for distribution is Rs. 1.50 per unit on the face value of Rs. 10. The record date for declaration of dividend is 16th July, 2010. Tata Mid Cap Fund is an open ended equity fund, with an investment objective to provide income distribution and medium to long term capital gains by investing predominantly in equity and equity related instruments of mid cap companies. The scheme is managed by Mr. Pradeep Gokhale and is benchmarked against CNX Midcap.
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