Invest Mutual Funds

IDFC Mutual Fund has declared dividend for its Super Saver Income Plan – Medium Term. The quantum of dividend declared was Rs 0.0569 per unit. This scheme is suitable for investors who are looking for stable returns for a time period of more than 6 months. The record date for dividend is 27-May-2011.

Investment Objective:

The main objective of the scheme is to generate stable returns by investing in fixed income securities and money market securities of good quality. They invest in corporate bonds with high credit rating.

The main asset allocation pattern is that the company invests in debt and money market securities which mature either less than 1 year or mature after 1 year.

There is no entry load for investing in this scheme. The various options available for investing in this schemes are Growth, dividend reinvest and dividend payout. The minimum amount that has to be invested in this scheme is Rs 5000. Systematic Investment Plan Options are available for investing.

Happy Investing!!