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IDFC introduces Daily Dividend facility and announces dividend

IDFC Mutual Fund introduced Daily Dividend Option in IDFC Banking Debt Fund. The change will be effective from February 10, 2014.

The fund house also announced dividend under the dividend option of IDFC Yearly Interval Series II Reg. The quantum of dividend shall be the entire distributable surplus as on record date.

The record date has been fixed as February 13, 2014.