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Monday, August 31, 2009

ING MF Declares Dividend For Midcap Fund

Record date for dividend is 4 September 2009

ING Mutual Fund has announced the declaration of dividend under dividend option of ING Midcap Fund. The record date for dividend is 4 September 2009.

The quantum of dividend will be 20% on the face value of Rs 10 per unit as on the record date. The NAV of the scheme was at Rs 15.08 per unit as on 27 August 2009.

ING Midcap Fund is an open ended equity scheme, which seeks to provide long-term growth of capital at controlled level of risk by investing primarily in Mid-cap stocks. The level of risk is somewhat higher than a fund focused on large and liquid stocks. Concomitantly, the aim is to generate higher returns than a fund focused on large and liquid stocks.

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