IDFC Mutual Fund has approved to declare dividend in the dividend option of IDFC Arbitrage Fund (IDFC- AF)-Plan A and Plan B. The record date for the dividend distribution is set as July 13, 2009. The fund house has decided to distribute Rs 0.04 per unit as dividend on the record date.
The scheme recorded NAV of Rs 10.2946 per unit for plan A while Rs 10.4397 per unit for plan B as on July 6, 2009. IDFC Arbitrage Fund was launched in November 2006. The investment objective of the scheme is to generate capital appreciation as well as income by predominantly investing in arbitrage opportunities in the cash and the derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and the balance by investing in debt and money market instruments.
The scheme recorded NAV of Rs 10.2946 per unit for plan A while Rs 10.4397 per unit for plan B as on July 6, 2009. IDFC Arbitrage Fund was launched in November 2006. The investment objective of the scheme is to generate capital appreciation as well as income by predominantly investing in arbitrage opportunities in the cash and the derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and the balance by investing in debt and money market instruments.
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