News Details

( 03 Nov 2017)
2% Div announced by IDBI Mutual Fund

IDBI Mutual Fund has announced 2 per cent dividend under dividend payout option of scheme named as “IDBI Prudence Fund” on the face value of Rs 10 per unit.

The record date for the dividend was October 30. The latest NAV of the scheme is Rs 11.32.

The investment objective of the open ended debt scheme is to generate opportunities for capital appreciation along with income by investing in a diversified basket of equity and equity related instruments, debt and money market instruments.

The performance of the scheme was benchmarked against S&P BSE 500. V Balasubramanian is the fund manager of the scheme.