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Wednesday, March 25, 2009

IDFC Money Manager Fund offers dividend

Record date for dividend is 30 March 2009

IDFC Mutual Fund has proposed to declare dividend under Regular Plan of IDFC Money Manager Fund-Investment Plan (A), an open-ended income scheme. The record date for the dividend distribution has been fixed as 30 March 2009. Dividends will be offered under Annual Dividend and Quarterly Dividend Options.

IDFC Money Manager Fund-Investment Plan (A)- Annual Dividend option will offer dividend of Rs 0.51 per unit as on record date of 30 March 2009. The NAV of the scheme was recorded at Rs 11.0465 per unit as on 23 March 2009.

Quarterly Dividend Option under the scheme may declare dividend of Rs 0.14 per unit. NAV of the scheme under Quarterly Dividend option was at Rs 10.2958 per unit as on 23 March 2009.

IDFC Money Manager Fund-Investment Plan (A) seeks to generate stable returns with low risk strategy by creating a portfolio that is substantially invested in good quality floating rate debt or money market instruments, fixed rate debt or money market instruments swapped for floating returns and fixed rate debt and money market instruments.

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