IDFC MF Declares Dividend For Small and Midcap Equity Fund

IDFC Mutual Fund has announced the declaration of dividend under dividend option of IDFC Small and Midcap Equity Fund (IDFC-SMEF). The record date for dividend has been fixed as 29 April 2010.

The quantum of dividend will be Rs. 1.60 per unit subject to availability of distributable surplus as on the record date. The scheme recorded NAV of Rs 15.6646 as on 22 April 2010.

IDFC Small and Midcap Equity Fund has the investment objective to generate capital appreciation from a diversified portfolio of equity and equity related instruments. The scheme will predominantly invest in small and midcap equity and equity related instruments. Small and Midcap equity and equity related instruments will be the stocks included in the CNX Midcap index or equity and equity related instruments of such companies which have a market capitalization lower than the highest components of CNX Midcap index.

Source: http://www.apollosindhoori.cmlinks.com/MutualFund/MFSnapShot.aspx?opt=9&SecId=10&SubSecId=22,24