Edelweiss Mutual Fund has decided to declare dividend under dividend option of Edelweiss Quarterly Interval Fund – Series 1. The record date for the dividend is 23 March 2009.
The quantum of dividend will be 100% of the available distributable surplus of the scheme on the face value of Rs 10 per unit. The NAV for both retail and institutional plan was at Rs 10.1640 per unit as on 16 March 2009.After payment of dividend, the NAV will fall to the extent of the payout and statutory levy, if any.
The specified transaction period for the scheme has been changed to 24 March 2009 instead of 23 March 2009.
Edelweiss Quarterly Interval Fund – Series 1 is an interval income scheme. The investment objective of the scheme is to generate regular income through investments in debt and money market instruments
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