Powered by: Motilal Oswal
21-12-2023 04:12 PM | Source: Accord Fintech
Invesco India MF declares IDCW under ELSS Tax Saver Fund

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

Invesco India Mutual Fund (MF) has informed that Invesco Trustee, (the Trustee to Invesco MF) has approved the declaration of Income Distribution cum Capital Withdrawal (‘IDCW’) in Invesco India ELSS Tax Saver Fund, an open-ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit). The record date for the same is December 22, 2023 or the immediately following Business Day, if that day is a Non – Business Day.

The quantum of IDCW on the face value of Rs 10 per unit will be Rs 2.70 under IDCW Option and Direct Plan - IDCW Option.