TATA MF declares a dividend of 10% under Tata Balanced Fund

Tata Mutual Fund has planned to declare dividend under dividend option of Tata Balanced Fund. The record date is set to be 24 April 2009. The quantum of dividend will be 10 per cent on the face value of Rs 10 per unit i.e. Rs 1.00 per unit on the record date. Tata Balanced Fund is an open-ended balanced fund which aims to provide income distribution and / or medium to long term capital gains while at all times emphasizing the importance of capital appreciation. The scheme intends to invest in equity and equity related instruments as well as in debt and money market instruments. The NAV of the scheme was Rs. 31.6519 per unit as on 22 April 2009.