ING Mutual Fund has announced 27 March 2009 as the record date for declaration of dividend under ING Fixed Maturity Fund - Series 52 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 27 March 2009 as dividend. The NAV under retail plan and institutional plan was at Rs 10.5205 per unit and Rs 10.5591 pr unit respectively, as on 19 March 2009.
ING Fixed Maturity Fund - Series 52 is a close -ended scheme offering an investment plan of 183 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 AMC plans to distribute entire appreciation in the NAV of dividend option from the date of allotment to 27 March 2009 as dividend. The NAV under retail plan and institutional plan was at Rs 10.5205 per unit and Rs 10.5591 pr unit respectively, as on 19 March 2009.
ING Fixed Maturity Fund - Series 52 is a close -ended scheme offering an investment plan of 183 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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