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Thursday, January 01, 2009

IDFC MF declares dividend for FMP

Record date for dividend is 06 January 2009

IDFC Mutual Fund has declared dividend under dividend option of IDFC Fixed Maturity Plan - Quarterly Series 44 (IDFC-FMP-QS44). Record date for dividend distribution is 06 January 2009.

The fund house has decided to distribute entire appreciation in net asset value (NAV) of dividend option since inception until 06 January 2009, subject to availability of distributable surplus, as dividend. The scheme recorded a NAV of Rs 10.2686 per unit as on 24 December 2008.

IDFC-FMP-QS44 is a close ended income scheme with an investment objective to seek to generate income by investing in portfolio of debt and money market instruments in line with duration of the scheme.

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