Reliance Mutual, part of Anil Ambani Group, today announced dividends for its two mutual fund schemes, including its NRI Equity Fund.
The Reliance NRI Equity Fund holders will receive 40 per cent dividend, while the investors of Reliance Media & Entertainment Fund would get 15 per cent, the company said in a statement.
"The growth prospects of media and entertainment industry are positive. We believe that over a period of time, media and entertainment industry will offer an attractive proposition for wealth creation," Reliance MF CEO Sundeep Sikka said.