Feb 16 set as record date for div under IDFC Tax Advantage (ELSS) Fund 12/02/2015

Feb 16 set as record date for div under IDFC Tax Advantage (ELSS) Fund
12/02/2015 10:12
IDFC Mutual Fund has announced 20 per cent dividend under dividend payout option of scheme named as “IDFC Tax Advantage (ELSS) Fund” on the face value of Rs 10 per unit. The record date for the dividend is February 16. The latest NAV of the scheme is Rs 17.49. The investment objective of the open ended equity-ELSS scheme is to seek to generate long-term capital growth from a diversified portfolio of predominantly Equity and Equity related securities. The scheme will invest in well-managed growth companies that are available at a reasonable value and offer a high return growth potential. The performance of the scheme is benchmarked against BSE 200 Index (200 Cos). Aniruddha Naha is the fund manager of the scheme.