ING MF declares 20% dividend for ING CUB Fund

ING MF declares 20% dividend for ING CUB Fund
PTI
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First Published: Mon, Oct 05 2009. 04 02 PM IST
Updated: Mon, Oct 05 2009. 04 02 PM IST
Mumbai: ING Mutual Fund on Monday declared a 20% dividend under its open-ended equity scheme ING CUB Fund.
The record date for dividend of this scheme is 9 October, the company said in a statement.
“Our focused approach of being invested in predominantly mid-and-small capitalisation companies over the last 3-years has resulted in capital appreciation for our investors which we would like to pay out as dividend,” ING Investment Management’s vice-president and portfolio manager equity, Manish Bhandari, said.
ING CUB Fund is an equity scheme, seeking to provide long-term capital appreciation by investing pre-dominantly in a diversified portfolio of equity and equity-related securities of companies of small market capitalisation.
The net asset value of the fund as on 30 September was Rs14.39.
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First Published: Mon, Oct 05 2009. 04 02 PM IST