Notice is hereby given that the Trustee of Reliance Mutual Fund (“RMF”) has approved declaration of dividend on the face value of Rs.10/- per unit in the undernoted Scheme of RMF, with February 08, 2018 as the record date:
*As reduced by the amount of applicable statutory levy.
Pursuant to payment of dividend, the NAV of the Scheme will fall to the extent of payout, and statutory levy, if any. *The dividend payout will be to the extent of above mentioned dividend per unit or the difference of NAV from the last Specified Transaction Date (Ex. NAV) to the Record Date mentioned above, whichever is higher. However the payout will be subject to the available distributable surplus in the Scheme as on the Record date.
The specified Transaction period for Reliance Interval Fund - Quarterly Interval Fund - Series II is 7th 8th February, 2018 (both business days). The following shall be applicable for application received during the specified transaction period.
For Subscriptions including Switch ins under Dividend Option
In respect of valid applications for subscriptions received upto 3.00 p.m. on the aforesaid Record Date along with a local cheque or a demand draft payable at par at the place where the application is received, the Ex-Dividend NAV of the day on which application is received shall be applicable. The investors will not be eligible for dividend declared, if any, on the aforesaid Record Date;
In respect of valid applications received after 3.00 p.m. on the second day of the Specified Transaction Period the closing NAV of the next working day shall be applicable, provided such a day is / has been declared as a Specified Transaction day for the fund. Otherwise, the application will be liable for rejection.
In respect of purchase of units in Income / Debt Oriented scheme with amount equal to or more than Rs 2 lakhs, the applicable NAV shall be subject to the provisions of SEBI Circular Cir / IMD / DF / 19 / 2010 dated November 26, 2010 and CIR/IMD/DF/21/2012 dated September 13, 2012 on uniform cut-off timings for applicability of NAV. With regard to Unit holders who have opted for Dividend Reinvestment facility, the dividend due will be reinvested by allotting Units for the Income distribution / Dividend amount at the prevailing Ex-Dividend NAV per Unit on the record date.
For Redemptions including Switch out under Dividend Option
In respect of valid applications received upto 3.00 p.m. by the Mutual Fund, on the aforesaid Record Date the Ex-Dividend NAV of the date of receipt of application shall be applicable and the investors will be eligible for the dividend declared on the aforesaid Record Date.
For units in demat form:
Dividend will be paid to those Unitholders/Beneficial Owners whose names appear in the statement of beneficial owners maintained by the Depositories under dividend option of the Scheme as on record date.
All unit holders under the Dividend Option of the above mentioned scheme, whose names appear on the register of unit holders on the aforesaid record date, will be entitled to receive the dividend.
Please check out Historical Dividends of - Reliance Quarterly Interval Fund
( Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)