Tata Mutual Fund has announced 15 February 2012 as the record date for declaration of dividend under the dividend option of Tata Balanced Fund. The quantum of dividend will be Rs 3 per unit on the face value of Rs 10 per unit. The scheme recorded NAV of Rs 52.4459 per unit as on 8 February 2012.
Tata Balanced Fund is an open ended balanced scheme. The investment objective of the scheme is to provide income distribution and/or medium to long term capital gains while at all times emphasising the importance of capital appreciation.