Tata Mutual Fund has declared dividend under its scheme, Tata Dividend Yield Fund. The quantum of dividend decided for distribution is Rs. 2.00 per unit on the face value of Rs. 10. The record date for declaration of dividend is 23rd July, 2010. Tata Dividend Yield 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 high dividend yield stocks. The scheme is managed by Mr. Sachin Relekar and is benchmarked against BSE Sensex.
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