Reliance Mutual Fund has announced the introduction of daily dividend option under all the plans of Reliance Liquid, effective November 24, 2003. The daily dividend reinvestment option would be introduced under Reliance Liquid Treasury, Reliance Liquid Cash and Reliance Liquid Super Cash.
The initial offer price for the newly introduced daily dividend option would be the applicable NAV of the respective Growth plans as on the initial offer date, and subsequently at the NAV based prices during the continuous offer.
A dividend payout option is also being introduced under Reliance Short Term, effective November 21, 2003. Currently, the fund just offers a Growth option and a Dividend Reinvestment option.