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Wednesday, June 24, 2009

ING MF declares dividend under Annual Interval Fund

Record date for dividend is 29 June 2009

ING Mutual Fund has announced 29 June 2009 as the record date for declaration of dividend under quarterly dividend option of ING Interval Fund- Annual Interval Fund- A – Retail (an interval income scheme) on face value of Rs 10 per unit. The record date for the purpose of dividend declaration has been fixed as 29 June 2009.

The AMC plans to distribute 100% of distributable surplus on record date as dividend. The NAV of the scheme was at Rs 10.7434 as on 22 June 2009.

ING Interval Fund- Annual Interval Fund aims to seek to generate regular returns and growth of capital by investing in a diversified portfolio of Central and State Government securities and Other fixed income/ debt securities normally maturing in line with the time profile of the scheme with the objective of limiting interest rate volatility.

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