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Tata 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. - Dhanalakshmi Bank takes additional directors on boards - NEWSALERT: Basant Seth appointed Syndicate Bank CMD - Indian Overseas Bank to raise Rs 800 cr by issuing bonds - Canara Bank receives award for rural financing - RBI rolls back floating provision norm - BOI announces domestic, overseas expansion plans 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.

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