ING Mutual Fund has declared dividend under dividend option of retail and institutional option in ING Fixed Maturity Fund - Series 53. The record date for dividend has been fixed as August 12, 2009.
The quantum of dividend will be 100% of distributable surplus as on the record date. The NAV for retail dividend option was at Rs. 11.0649 per unit while for the institutional dividend option was at Rs. 11.0895 per unit, as on August 5, 2009.
ING Fixed Maturity Fund - Series 53 is a close-ended scheme with an investment plan of 366 days maturity, investing in a portfolio of government securities or highly rated corporate bonds maturing close to the 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 with maturity coinciding closely with the maturity of the scheme, so as to minimise the impact of price fluctuation of such securities and the value at maturity.
The quantum of dividend will be 100% of distributable surplus as on the record date. The NAV for retail dividend option was at Rs. 11.0649 per unit while for the institutional dividend option was at Rs. 11.0895 per unit, as on August 5, 2009.
ING Fixed Maturity Fund - Series 53 is a close-ended scheme with an investment plan of 366 days maturity, investing in a portfolio of government securities or highly rated corporate bonds maturing close to the 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 with maturity coinciding closely with the maturity of the scheme, so as to minimise the impact of price fluctuation of such securities and the value at maturity.
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