Tata Mutual Fund has announced a dividend of 20% (i.e. Rs 2 per unit on the face value of Rs 10) under the dividend option of Tata Select Equity Fund. The record date for the same has been fixed as July 20, 2007.
This is the third dividend payout from the fund. Earlier, it had declared a 15% dividend in January 2004 and a 25% dividend in November 2006.