IDFC MF declares dividend for "IDFC Sterling Equity Fund"

IDFC Mutual Fund has declared 14.0000 per cent dividend under dividend payout option scheme named as "IDFC Sterling Equity Fund", on the face value of Rs 10 per unit.

The record date for the dividend was April 30, 2012. The NAV of scheme as on April 30, 2012 was at Rs 12.6853.

As on March 31, 2012, the scheme allocated 94.4 per cent in equity, 4.4 per cent in certificate of deposits, 1.1 per cent in certificate of deposit and remaining 0.2 per cent in bonds.

The investment objective of 'IDFC Sterling Equity Fund, an open ended equity-diversified fund, was to generate capital appreciation from a diversified portfolio of equity and equity related instruments.

The performance of the scheme was standardized against CNX Midcap Index and Kenneth Andrade was the fund manager of the scheme.