ING Mutual Fund has announced 16 April 2009 as the record date for declaration of dividend for ING Fixed Maturity Fund - Series 40 on face value of Rs 10 per unit. The fund will offer dividend for both retail and institutional plan. The AMC plans dividend of 100% of distributable surplus as on record date on face value of Rs 10 per unit.
The NAV for both retail and institutional plan was at Rs 10.9375 per unit as on 8 April 2009.
ING Fixed Maturity Fund - Series 40 is a close -ended schemes launched in April 2008, offering an investment plan of 366 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 for both retail and institutional plan was at Rs 10.9375 per unit as on 8 April 2009.
ING Fixed Maturity Fund - Series 40 is a close -ended schemes launched in April 2008, offering an investment plan of 366 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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