IDFC Mutual Fund has declared dividend under dividend option of IDFC Fixed Maturity Plan - Yearly Series 23. The record date for dividend distribution is July 16, 2009.
The fund house has decided to distribute entire appreciation in net asset value (NAV) of dividend option since inception until July 16, 2009, subject to availability of distributable surplus, as dividend. The scheme recorded a NAV of Rs 10.9427 per unit for plan A while Rs 11.0201 per unit for Plan B as on July 9, 2009. The scheme is maturing on July 9, 2009. The investment objective of the scheme is to seek to generate income by investing in portfolio of debt as well as money market instruments.
The fund house has decided to distribute entire appreciation in net asset value (NAV) of dividend option since inception until July 16, 2009, subject to availability of distributable surplus, as dividend. The scheme recorded a NAV of Rs 10.9427 per unit for plan A while Rs 11.0201 per unit for Plan B as on July 9, 2009. The scheme is maturing on July 9, 2009. The investment objective of the scheme is to seek to generate income by investing in portfolio of debt as well as money market instruments.
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