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25 March 2011

ttractive tax-free dividend income by investing in Mutual Funds

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ttractive tax-free dividend income by investing in the following top performing mutual fund schemes:

Reliance Growth Fund:

  • The quantum of dividend will be Rs 4.00 per unit (of face value Rs.10) as on the record date
  • The record date for dividend has been fixed as 24th  March 2011
  • The current NAV of the scheme is Rs.53.15 (for dividend option as on 22nd March 2011)
  • The fund has delivered around  28% annualised returns since its inception in Oct 1995

Reliance Quant Plus Fund:

  • The quantum of dividend will be Rs 2.50 per unit (of face value Rs.10) as on the record date
  • The record date for dividend has been fixed as 24th  March 2011
  • The current NAV of the scheme is Rs.13.01 (for dividend option as on 22nd March 2011)
  • The fund has delivered around 11% returns over the past one year

ICICI Prudential Growth Fund:

  • The quantum of dividend will be Rs 4.00 per unit (of face value Rs.10) as on the record date
  • The record date for dividend has been fixed as 28th  March 2011
  • The current NAV of the scheme is Rs.17.77 (for dividend option as on 22nd March 2011)
  • The fund has delivered around 22% annualised returns since its launch in July 1998

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