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Friday, August 21, 2009

IDFC MF declares dividend

Record date for dividend is 26 August 2009

IDFC Mutual Fund has announced 26 August 2009 as the record date for declaration of dividend under the dividend option of IDFC Arbitrage Fund-Plan B. The fund house has decided to distribute Rs 0.02 per unit as dividend on the record date.

The Plan B under the scheme recorded NAV of Rs 10.4413 per unit as on 19 August 2009.

The investment objective of IDFC Arbitrage Fund is to generate capital appreciation and income by predominantly investing in arbitrage opportunity in the cash and the derivative segments of the equity markets and the arbitrage opportunity available within the derivative segments and by investing the balance in debt and money market instruments.

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