IDFC Mutual Fund Declares Dividend
IDFC Arbitrage fund declared a dividend of 0.2% for its Plan A under dividend option. The record date for dividend is 10-May-2011. Even though the record date for dividend is over, the scheme could be analyzed for its fundamentals for investing.
Investment Objective:
The main objective is to generate capital appreciation by investing in the cash and derivative segments of equity markets and in any other arbitrage opportunities.
The type of the scheme is an Open ended equity scheme. The various options available for investing are Dividend and Income Option. The minimum amount that has to be invested is Rs 5000. There is no entry load for investing in this scheme. There is an exit load of 0.5% if the investment is withdrawn within 1 year from the date of investment.
The investors have to note that there is no systematic investment plan or systematic withdrawal plan available in this scheme for investing.
Happy Investing!!
