VR Logo

Tata Income Fund Pays Monthly Dividend

Tata Income Fund, a medium-term debt fund from Tata TD Waterhouse AMC has paid a monthly dividend of 0.80 percent (Rs. 0.0736 per unit) to the unitholders, invested in the fund as on October 17, 2001. In the current fiscal, the monthly dividend option has paid an aggregate dividend of 5.5 percent over seven monthly payouts. Launched in March '97, the growth option of Tata Income has returned an annualized 13.04% since launch.