ING Mutual Fund today declared a 20 per cent dividend under its open-ended equity scheme ING CUB Fund.
The record date for dividend of this scheme is October 9, the company said in a statement here.
"Our focused approach of being invested in predominantly mid-and-small capitalisation companies over the last 3-years has resulted in capital appreciation for our investors which we would like to pay out as dividend," ING Investment Management's vice-president and Portfolio Manager Equity, Manish Bhandari, said.
ING CUB Fund is an equity scheme, seeking to provide long-term capital appreciation by investing pre-dominantly in a diversified portfolio of equity and equity-related securities of companies of small market capitalisation.
The Net Asset Value (NAV) of the fund as on September 30 was Rs 14.39.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app