IDFC MF announces div under Asset Allocation Fund of Fund - Aggressive Plan

IDFC Mutual Fund has announced 1.08 per cent dividend under dividend payout option of scheme named as “IDFC Asset Allocation Fund of Fund - Aggressive Plan” on the face value of Rs 10 per unit.

The record date for the dividend is November 27. The latest NAV of the scheme is Rs 14.53.

The investment objective of the funds of funds scheme is to generate capital appreciation through investment in different mutual fund schemes primarily local funds based on a defined asset allocation model.

The performance of the scheme is benchmarked against Crisil Balanced Fund Index. Punam Sharma is the fund manager of the scheme.