Mumbai: IDFC Mutual Fund has declared dividend under its IDFC Tax Advantage (ELSS) Fund. The record date for distribution of dividend is February 4, 2011.
The quantum of dividend decided for distribution is Rs 2.50 per unit on the face value of Rs 10.
IDFC Tax Advantage (ELSS) Fund is an open ended equity ELSS scheme. Its investment objective is to generate long term capital growth from a diversified portfolio of predominantly equity and equity related securities. The scheme is managed by Neelotpal Sahai and is benchmarked against BSE 200.
