HDFC Mutual Fund has announced 14 July 2008 as the record date for declaration of dividend under dividend option of HDFC Quarterly Interval Fund-Plan B. The Fund house had decided to offer 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. 10.2290 as on 7 July 2008. HDFC Quarterly Interval Fund-Plan B is an open-ended interval income scheme. The investment objective of the scheme is to seek to generate regular income through investments in debt / money market instruments and government securities. The scheme will charge 0.75% as an exit load if investments redeemed on any day other than during the specified transaction period.
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. 10.2290 as on 7 July 2008. HDFC Quarterly Interval Fund-Plan B is an open-ended interval income scheme. The investment objective of the scheme is to seek to generate regular income through investments in debt / money market instruments and government securities. The scheme will charge 0.75% as an exit load if investments redeemed on any day other than during the specified transaction period.
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