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Tata Life Sciences and Technology Fund announces 50 per cent dividend

July 3rd, 2007

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)

Entry Filed under: Mutual Funds, Tata Mutual Fund, Fund Houses & AMCs