Home BusinessTata Tax Saving Fund declares 30% dividend
Tata Mutual Fund today said it has announced a 30 per cent dividend for one of its schemes - Tata Tax Saving Fund.
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The investors in Tata Tax Saving Fund would receive a 30 per cent dividend, at the rate of Rs 3 per unit on the face value of Rs 10 each, Tata MF said in a statement.
Under the said scheme, the unit holders are provided medium to long term capital gains, along with income tax relief.
The scheme came into existence in March 31, 1996, as an open ended equity linked saving scheme.