ING Mutual Fund has announced 15 September 2008 as the record date for declaration of dividend for ING Fixed Maturity Fund - Series 43 on face value of Rs 10 per unit. The dividend will be offered under both retail and regular investment plans.The AMC plans to distribute entire appreciation in the NAV of dividend option from the date of allotment to 15 September 2008 as dividend.
The NAV under both retail plan and institutional plan of ING Fixed Maturity Fund - Series 43 was Rs 10.2115 per unit as on 8 September 2008.
ING Fixed Maturity Plan - Series 43 is a close -ended schemes offering an investment plan of 91 days maturity, investing in a portfolio of government securities or highly rated corporate bonds maturing close to maturity of the scheme so as to generate returns comparable with alternative fixed-income instruments of similar maturity. The scheme will invest in debt securities so as to minimize the impact of price fluctuation of such securities and the value at maturity.
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