HSBC Mutual Fund has declared dividend under dividend option of HSBC Fixed Term Series 60 (HFTS 60). The fund house has decided to distribute 100% of surplus available under dividend option of regular and institutional plan on record date. The record date for the same will be 13 October 2008. Pursuant to the payment of dividend, the NAV of the scheme will fall to the extent of dividend distribution and statutory levy (if any).
The NAV of HFTS 60 under regular plan was Rs 10.0677 and Rs 10.0684 for institutional plan as on 6 October 2008. HSBC Fixed Term Series 60 is a close-ended income scheme, which seeks to generate reasonable returns by investing in a portfolio of fixed income instruments normally maturing in line with the time profile of plan.
The NAV of HFTS 60 under regular plan was Rs 10.0677 and Rs 10.0684 for institutional plan as on 6 October 2008. HSBC Fixed Term Series 60 is a close-ended income scheme, which seeks to generate reasonable returns by investing in a portfolio of fixed income instruments normally maturing in line with the time profile of plan.
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