HDFC Mutual Fund has announced 12 August 2008 as the record date for declaration of dividend under dividend option of HDFC FMP 90D May 2008, a fixed maturity plan under HDFC Fixed Maturity Plans-Series VIII, on face value of Rs 10 per unit. The Fund house has 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 was Rs. 10.19 per unit as on 5 August 2008.
HDFC Fixed Maturity Plans-Series VIII is a close-ended 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 are redeemed/switched out before maturity/final redemption date.
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 was Rs. 10.19 per unit as on 5 August 2008.
HDFC Fixed Maturity Plans-Series VIII is a close-ended 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 are redeemed/switched out before maturity/final redemption date.
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