Tata Service Industries declares maiden dividend of 25%
Tata Mutual Fund has announced a maiden dividend of 25% (Rs 2.5 unit at face value of Rs 10) in its open-ended equity scheme Tata Service Industries Fund. The investment objective is to provide income distribution and / or medium to long term capital gains by investing predominantly in equity / equity related instrument of companies in Service sectors. (Check out - Recent MF Dividends )
All investors registered under the dividend option of the scheme as on May 11, 2007 will receive this dividend. Please note that dividend as decided shall be paid, subject to availability of distributable surplus. Pursuant to payment of dividend, the NAV of the schemes would fall to the extent of payout and statutory levy (if applicable). The NAV under the dividend plan of the scheme as on May 9, 2007 was Rs 20.4177.
Over the last one year, Tata Service Industries Fund has yielded 8.7% as compared to 9.3% given by its benchmark BSE Sensex as on May 9, 2007
posted by Calvin @ 10:18 AM
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