HSBC MF Declares Dividend

HSBC Mutual Fund has approved the declaration of dividend under the dividend option of HSBC Interval Fund Plan I. The record date for dividend is set as 28 December 2007. The quantum of dividend under scheme will be Rs. 0.0861 per unit i.e. 0.86 %. The NAV for the scheme under retail plan was Rs. 10.0677 as on 19 December 2007.

HSBC Interval Fund Plan I is a debt oriented interval 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.