Standard Chartered Mutual Fund has announced 5 February 2008 as the record date for declaration of dividend under dividend option of Grindlays Fixed Maturity Plus Plan - III. The AMC plans to distribute entire appreciation in the NAV of dividend option since inception till 5 February 2008 as dividend. The scheme will also mature on 5 February 2008.
Grindlays Fixed Maturity Plus Plan is a close-ended income scheme. The investment objective of the scheme is to seek to generate income by investing in a portfolio of debt and money market instruments normally in line with the duration of the scheme.
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