IDFC Mutual Fund has announced the declaration of dividend under dividend option in Plan A & B of IDFC Arbitrage Fund and IDFC Arbitrage Plus Fund. The record date for dividend has been fixed as 11 February 2010.
The quantum of dividend will be Rs 0.02 per unit for IDFC Arbitrage Fund and Rs 0.06 per unit for IDFC Arbitrage Plus Fund. Dividend is subject to availability of distributable surplus as on the record date. All investors whose names appear in the register of unit holders as on the close of 11 February 2010 will receive dividend.
IDFC Arbitrage Fund and IDFC Arbitrage Plus Fund has the investment objective to generate capital appreciation and income by predominantly investing in arbitrage opportunity in the cash and 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.
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