IDFC Mutual Fund has announced the declaration of dividend under dividend option in Plan A & B of IDFC Arbitrage Plus Fund. The record date for dividend has been fixed as 12 November 2009.
The quantum of dividend will be Rs 0.06 per unit, which is subject to availability of distributable surplus. The scheme recorded NAV Rs 10.5488 per unit for Plan A and Rs 10.5927 per unit for Plan B as on 4 November 2009.
IDFC Arbitrage Plus Fund has the investment objective to generate income (absolute to low volatility returns) by taking advantage of opportunities in the cash and the derivative segments of the equity markets including the arbitrage opportunities available within the derivative segment, by using other derivative based strategies and by investing the balance in debt and money market instruments.
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