IDFC Mutual Fund has declared dividend under dividend option of IDFC Fixed Maturity Plan – Yearly Series 17 (IDFC-FMP-YS17). Record date for dividend distribution is 2 April 2009.
The fund house has decided to distribute entire appreciation in net asset value (NAV) of dividend option since inception until 2 April 2009, subject to availability of distributable surplus, as dividend. The scheme recorded a NAV of Rs 11.0037 per unit under plan A and Rs 11.0339 under Plan B as on 25 March 2009.
IDFC-FMP-YS17 is a close ended income scheme with an investment objective to seek to generate income by investing in portfolio of debt and money market instruments in line with duration of the scheme.
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