Wednesday, July 23, 2008

HDFC MF Declares Dividend FMP - July 23, 2008

HDFC Mutual Fund has announced 28 July 2008 as the record date for declaration of dividend under dividend option of HDFC Fixed Maturity Plan 90 Days April 2008 a close ended income scheme under HDFC Fixed Maturity Plans Series VII. The scheme is offering dividend under both retail plan and wholesale plan.

The fund house has decided to distribute 100% of surplus available under its both retail and wholesale plans as on record date. The NAV for the scheme under retail plan with normal dividend option was Rs. 10.2018 as on 21 July 2008.

HDFC Fixed Maturity Plan 90 Days April 2008 is a close-ended income scheme. The investment objective of the scheme is to seek to generate regular income by investments in debt, money market instruments, and government securities.

The scheme will charge 0.75% as an exit load if units are redeemed before maturity date.

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