ING Mutual Fund has approved the declaration of dividend under the dividend option of ING Dividend Yield Fund. The quantum of declaration will be Rs 3 per unit.
The record date is June 13, 2011.
ING Dividend Yield Fund launched in October 2005 has been rated as a 4 star fund in Equity Mid & Small Cap category as on May 31, 2011. The fund is ranked 5th out of 34 funds based on a trailing 5-year performance as on June 7, 2011. This is the 3rd dividend declared by the fund since its launch. Prior to this, it declared a dividend of Rs 0.50 per unit in May 2006.