Reliance Mutual Fund has declared dividend in its Regular Saving Funds. Following are its details-

RELIANCE REGULAR SAVING FUND- EQUITY (D)

• Dividend: Re 5.00  per unit
• Record Date: 24th July, 2009
• NAV: Rs. 22.387  (as on 20/07/2009)

Its latest NAV can be found here

All Dividend announcements can be found here

According to senior official from the Reliance Asset Management Company (AMC), the Reliance Infrastructure Fund has collected over Rs 25-30 billion in its new fund offer (NFO). However, the exact amount collected through the scheme will be disclosed within a few days.

The fund will be available for purchase from 23rd July,09 in the open market.

Source: Karvymfs.com

Following the footsteps of Sundaram BNP Paribas, Reliance mutual fund has announced no-entry load on its Regular Saving Fund - Balanced option.

More and more fund houses are becoming investor-friendly to attract funds, but, is obviating entry load good enough to attract more funds? Should investors go blindly with the no-entry-load funds? Check out our article in weeks to come…

MoneyVriksh.com