HSBC MF Declares Dividend

HSBC Mutual Fund has approved the declaration of dividend under the dividend option of HSBC Fixed Term Series V. The record date for dividend is set as 5 September 2007. The quantum of dividend under scheme will be Rs. 0.115 per unit i.e. 1.15 %. The NAV for the scheme under retail plan was Rs. 11.1902 as on 30 August 2007. HSBC Fixed Term Series V is a close-ended income scheme with an aim to generate reasonable returns by investing in a portfolio of fixed income instruments normally maturing in line with the time profile of the scheme.