Dec 30 set as record date for div under “IDFC Arbitrage Fund” 30/12/2014

Dec 30 set as record date for div under “IDFC Arbitrage Fund”
30/12/2014 10:52
IDFC Mutual Fund has announced 0.94 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 December 30. The latest NAV of the scheme is Rs 12.54.
The investment objective of the 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. Yogik Pitti is the fund manager of the scheme.