GetPaidIndia.com

Tata Life Sciences and Technology Fund announces 50 per cent dividend

Unit holders of Tata Life Sciences and Technology Fund Dividend option will receive a dividend of 50% (i.e Rs. 5 on the face value of Rs. 10/- per unit). July 6, 2007 will be taken as the record date for the dividend.

Tata Life Sciences and Technology Fund’s investment objective is to provide income distribution and /or medium to long term capital gains while at all times emphasizing the importance of capital appreciation.

The fund came up in June 7, 1999 and is re-opened for continuous purchase since July 4, 1999. It may be recalled the fund has changed the load structure recently.

Seems Tata Life Sciences and Technology is aggressive in regard to dividends. This is the third dividend announcement during the year, the earlier being in May 2007 which gave 25% (Rs. 2.5 per unit of a face value of Rs. 10)

Add commentJuly 3rd, 2007

Tata MF to launch Tata SIP Fund

Some business media have posted that Tata Mutual Fund is launching Tata SIP Fund. The fund will be a close ended fund and will be based on systematic investment plan. According to the information available, the fund would start with an allotment of 0-35% into equities and the bulk goes into debt and money market instruments. The second year will give more allotment to equities while the third year would see up to 75% into equities and the remaining in debt. The fund sounds to be a good one looking at the strategy.

Unfortunately it seems Tata MF website has not yet put the announcement/information of this new fund on its website yet. Will keep posting in as information rolls out..

Add commentJanuary 14th, 2007