IDFC Mutual Fund has announced 0.5000 per cent dividend under dividend payout option of scheme named as ‘IDFC Arbitrage Fund’, on the face value of Rs 10 per unit.
The record date for the dividend is January 30. The NAV of scheme as on January 25, 2012 was at Rs 12.4082.
The investment objective of ‘IDFC Arbitrage Fund’, an open ended equity-diversified scheme, is to generate capital appreciation and income by predominantly investing in arbitrage opportunity in the cash and the derivative segments of the equity markets and the arbitrage opportunity available within the derivative segments and by investing the balance in debt and money market instruments.
The performance of the scheme is benchmarked against Crisil Liquid Fund Index and Suyash Choudhary is the fund manager of the scheme.