
IDFC Mutual Fund has approved declaration of dividend under dividend option of IDFC Tax Advantage (ELSS). The quantum of declaration will be 10 per cent. The record date is March 23, 2011.
IDFC Tax Advantage launched in December 2008, is ranked 27 out of 36 funds based on trailing 3-year performance as on March 17, 2011. This is the 4th dividend declared by the fund since its launch. Prior to this it declared a 25% dividend in February 2011.