Best Mutual Funds in India

TATA Mutual Fund has declared a dividend of 30% (Rs 3 on the face value of Rs 10 per unit) in its open-ended equity scheme - Tata Growth Fund. The 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.
All unit holders registered under the dividend option of TATA Growth Fund as on December 21, 2007 will be eligible for this dividend. Pursuant to payment of dividend, the NAV of the Scheme would fall to the extent of payout and statutory levy (if applicable). The NAV as on December 17, 2007 under the dividend option of TATA Growth Fund was Rs 23.47.
The last dividend declared by the scheme was of 20% in November 2007. Over the last one year TATA Growth Fund has yielded 55% as against 40.28% given by its benchmark BSE Sensex, as on December 17, 2007.