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Rs 3 per unit Dividend for ING Dividend Yield Fund

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.