ING India Mutual Fund has announced 11 August 2008 as the record date for declaration of dividend for ING Fixed Maturity Fund - Series 41 on face value of Rs 10 per unit. The AMC plans to distribute entire appreciation in the NAV of dividend option from the date of allotment to 11 August 2008 as dividend.
The NAV under retail plan and institutional plan of ING Fixed Maturity Fund - Series 41 was Rs 10.1149 per unit and Rs 10.1150 per unit, respectively, as on 4 August 2008. ING Fixed Maturity Plan - Series 41 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.
The NAV under retail plan and institutional plan of ING Fixed Maturity Fund - Series 41 was Rs 10.1149 per unit and Rs 10.1150 per unit, respectively, as on 4 August 2008. ING Fixed Maturity Plan - Series 41 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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