HDFC MF Declares Dividend For FMP

HDFC Mutual Fund has announced the declaration of dividend for HDFC Fixed Maturity Plan 13 Month July 2006 (1)-Retail and institutional plan- dividend option. The record date is set as 13 August 2007. The quantum of dividend will be 100 % of distributable surplus available on the record date. The NAV for the scheme under retail plan was Rs. 10.786 as on 6 August 2007. The NAV for the scheme under institutional plan was Rs. 10.824 as on 6 August 2007. HDFC Fixed Maturity Plan 13 Month July 2006 (1)-Retail and institutional plan- dividend option is a close-ended scheme. The investment objective for plan is to generate regular income through investments in debt or money market instruments and government securities. The scheme carry no entry load whereas there will be an exit load of 1.00% if units are redeemed /switched out before maturity.