10% Div announced by IDBI Mutual Fund

26 May 2015

IDBI Mutual Fund has announced 10 per cent dividend under dividend payout option of scheme named as “IDBI India Top 100 Equity Fund” on the face value of Rs 10 per unit.

The record date for the dividend was May 25. The latest NAV of the scheme is Rs 18.18.

The investment objective of the open ended equity diversified scheme is to provide investors with opportunities for long-term growth in capital through active management of a diversified basket of equity stocks, debt and money market instruments.

The performance of the scheme is benchmarked against NSE CNX 100. V Balasubramanian is the fund manager of the scheme.

Source: Dion Global Type: Mutual Fund Review

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10% Div announced by IDBI Mutual Fund

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