IDFC Mutual Fund has announced the declaration of dividend under dividend option of IDFC India GDP Growth Fund. The record date for dividend has been fixed as 31 May 2011.
The quantum of dividend will be Rs 1.50 per unit. The scheme recorded NAV of Rs 13.7786 per unit as on 24 May 2011.
IDFC India GDP Growth Fund has the investment objective to generate long-term capital appreciation by investing in Equity and Equity related instruments. The scheme aims to capture the growth in India's Gross Domestic Product (GDP). The scheme would endeavor to represent the growth in GDP by capturing the growth in the constituents of the GDP. The scheme may also invest in debt and money market instruments.
Source: http://www.adityabirlamoney.com/news/479891/10/22,24/Mutual-Funds-Reports/IDFC-MF-Declares-Dividend-for-India-GDP-Growth-Fund-
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