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Wednesday, December 31, 2008

ING MF declares dividend under FMP

Record date for dividend is 5 January 2009

ING Mutual Fund has announced 5 January 2009 as the record date for declaration of dividend for ING Quarterly Fixed Maturity Plan 91 - Series A3 on face value of Rs 10 per unit. The fund will offer dividend for both retail and institutional plan.

The AMC plans to distribute entire appreciation in the NAV of dividend option from the date of allotment to 05 January 2009 as dividend. The NAV under retail plan and institutional plan was at Rs 10.1831 per unit as on 29 December 2008.

ING Quarterly Fixed Maturity Plan 91 Series A3 is a close -ended debt scheme offering an investment plan of 91 days maturity, investing in a portfolio of government securities or highly rated corporate bonds maturing close to maturity of the scheme so as to generate returns comparable with alternative fixed-income instruments of similar maturity. The scheme will invest in debt securities so as to minimize the impact of price fluctuation of such securities and the value at maturity.

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