ING Mutual Fund has announced 19 December 2008 as the record date for declaration of dividend for ING Fixed Maturity Fund - Series 50 on face value of Rs 10 per unit. The fund will offer dividend for both retail and institutional plan. The AMC plans to distribute entire appreciation in the NAV of dividend option from the date of allotment to 19 December 2008 as dividend.
The NAV under retail plan and institutional plan was at Rs 10.2476 and Rs 10.2666 per unit, respectively, as on 11 December 2008.ING Fixed Maturity Plan - Series 50 is a close -ended schemes launched in May 2008, offering an investment plan of 92 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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