IDFC Mutual Fund has approved to declare dividend in the dividend option of IDFC Arbitrage Fund (IDFC- AF)-Plan A and Plan B. The fund house has decided to distribute Rs 0.05 per unit as dividend on the record date of 15 June 2009. The scheme recorded NAV of Rs 10.3056 per unit for plan A and Rs 10.4461 per unit for plan B as on 8 June 2009.
IDFC Arbitrage Fund was launched in November 2006. The investment objective of the scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and the derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments
IDFC Arbitrage Fund was launched in November 2006. The investment objective of the scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and the derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments
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