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IDBI-Principal MF Announces Dividend in Three Debt Funds

IDBI-Principal Mutual Fund has announced quarterly dividends in its Income Fund, Gilt Fund - Investment Plan and Gilt Fund - Savings Plan. The record date for the same has been set as December 18, 2001.

A dividend of 3.5 per cent (Rs 0.35 per unit) has been declared in the IDBI-Principal Income Fund (Quarterly Dividend Option). The fund has paid a total dividend of 11.5 per cent spread over four quarterly payments, including the current declaration.

IDBI-Principal Gilt Fund has announced a quarterly dividend of 3.5 per cent (Rs 0.35 per unit) in its investment plan and 2.5 per cent (Rs 0.25 per unit) in its savings plan. It will be the first dividend from both the funds since their launch in August this year.