Tata Mutual Fund has announced a dividend of 10% i.e. Rs 1.00 per unit on the face value of Rs. 10 under the dividend option of Tata Balanced Fund. The record date for the same has been fixed as 7 December 2007. The NAV for the scheme was Rs. 51.83 as on 3 December 2007. This counts to be the fifth dividend being declared by the fund since its launch. Earlier this year, the fund has already paid a 20% dividend. Tata Balanced Fund launched with an aim to provide long-term growth of capital and income distribution.
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