Religare Mutual Fund has approved the declaration of dividend under dividend option of Religare Tax Plan. The quantum of declaration will be Rs 0.75 per unit. The record date is March 30, 2011.
Religare Tax Plan, launched in December 2006 has been classified as an Equity Tax Planning Fund. It has been rated as a 5-star fund as on February 28, 2011.The fund has also been ranked number 10 out of 29 funds based on its trailing 3-year performance as on March 24, 2011. This is the 4th dividend declared by the fund since its launch. Prior to this, it declared a 20 per cent dividend in January 2011.