Tuesday, January 19, 2010

IDFC MF Announces Dividend for Tax Advantage (ELSS) Fund – Plan A

Record date for dividend is 20 January 2010 

IDFC Mutual Fund has announced the declaration of dividend under dividend option of IDFC Tax Advantage (ELSS) Fund – Plan A. The record date for dividend has been fixed as 20 January 2010.

The quantum of dividend will be Rs 2.50 per unit subject to availability of distributable surplus as on the record date. All investors whose names appear in the register of unit holders as on the close of 20 January 2010 will receive dividend. The NAV for Plan A was at Rs 17.2568 as on 8 January 2010.

IDFC Tax Advantage (ELSS) Fund has the investment objective to generate long term capital growth from a diversified portfolio of predominantly equity and equity related securities.